![]() ![]() Massachusetts Democrat Elizabeth Warren is among those calling for new rules for companies like Robinhood, with the senator arguing regulation is needed to ensure disclosure of how data on customers and trades is used. That includes Citadel Securities, majority-owned by Ken Griffin, founder of a large hedge fund called Citadel.Ĭritics contend the setup has brokers like Robinhood sending customer orders to the firms that pay the highest fees instead of those that complete orders for the best price. ![]() While customers trade stocks and options on Robinhood's app nearly for free, the company generates revenue from fees from selling its users' stock orders to other Wall Street firms.
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