Citadel's Ken Griffin Defends Controversial Wall Street Practice, Says Firm Would Adapt If It Were Outlawed
By Lawce in Business
Updated 3 years ago
Citadel Securities CEO Ken Griffin defended a practice known as "payment for order flow" during the GameStop hearing on Thursday. Robinhood relies on payment for order flow as their profit engine in lieu of commissions. "Payment for order flow had been expressly approved by the SEC, it is a customary...