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Robinhood faces renewed complaint over poor execution quality
Robinhood Financial LLC is facing a renewed complaint in Florida over its payment for order flow arrangements with several market makers, including Citadel Securities, which allegedly worsened execution quality and harmed Robinhood’s customers. The renewed complaint, seen by FX News Group, was filed with the Florida Southern District Court by Jim Antonio Alers. The plaintiff aims to represent the following class: All former and current Customers of Robinhood in Florida, United States who traded on Robinhood’s platform within 4 years preceding the filing of this lawsuit (the “Class Period”). The list of ... (full story)