Robinhood turned millions of people into retail traders, but now the app’s business model may be in jeopardy as the SEC eyes a plan to crack down on Payment For Order Flow, a practice crucial to its revenues. Jay Clayton, former Chair of the SEC, weighs in on how the SEC’s agenda could transform the stock market. Twitter has agreed to comply with Elon Musk’s demand for access to the platform’s data stream. Former FCC Commissioner Ajit Pai, breaks down what more Musk will ask for, and openings for the Tesla CEO to still walk away from the deal. Plus, in China, the Ant Group IPO may be back on track.
In this episode:
Ajit Pai, @AjitPai
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick
Andrew Ross Sorkin, @andrewrsorkin
Cameron Costa, @CameronCostaNY
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