There’s no such thing as a free lunch. You’ve likely heard this adage about how you can’t get something for nothing. Yet, some “free” things really do feel free. Ever signed up for a “free” trial?

The debate around payment for order flow seems to have lost that critical point, centering on whether the increased access to free trading for retail investors is worth the money wholesalers earn to ...

As Gary Gensler’s expected confirmation as head of the SEC approaches, Charles Schwab is gearing up for his impending regulatory agenda, and in particular, how the regulator may handle payment for ...

During the House Financial Services Committee's Thursday hearing on the recent GameStop stock frenzy, there was talk of a practice known as "payment for order flow" (PFOF). To anyone not fluent in the ...

Duke Law Professor Gina-Gail S. Fletcher appeared in a hearing with the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday. In the hearing the professor said payment for order flow ...

If you're a curious observer of Robinhood Markets' (NASDAQ: HOOD) recent initial public offering, you've likely heard the term "payment for order flow." Market pundits continue to debate whether it ...

The old way a financial brokerage made money was to charge a fee whenever someone bought or sold stock. A company like TD Ameritrade or Charles Schwab would charge $4.95 or $6.95 (or whatever) in ...

Former TD Ameritrade CEO Joe Moglia said banning payment for order flow would be a "disservice" to retail traders. Moglia said retail traders get everything for free on a trade except a "little spread ...

Robinhood’s zero-commission trading model came under scrutiny earlier this year during the WallStreetBets-fueled trading frenzy in GameStop Corp. (NYSE:GME) and other so-called “meme” stocks. The zero ...

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Now that almost every brokerage has followed in the footsteps of Robinhood and adopted commission-free trading, how do these companies make money? One main source of revenue is from a small sum of ...