In 2004, a whistleblower wrotea letter to the SEC, saying payment for order flowlacks...
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In 2004, a whistleblower wrote
a letter to the SEC, saying payment for order flow
lacks transparency, is anti-competitive, and creates an obvious
and substantial conflict of interest between brokers and their customers,
and should be banned altogether
a letter to the SEC, saying payment for order flow
lacks transparency, is anti-competitive, and creates an obvious
and substantial conflict of interest between brokers and their customers,
and should be banned altogether
Full Transcript
00:00:01.000 --> 00:00:05.038
In 2004, a whistleblower wrote
a letter to the SEC,
00:00:05.463 --> 00:00:10.003
saying payment for order flow
lacks transparency,
00:00:10.093 --> 00:00:12.001
is anti-competitive,
00:00:12.178 --> 00:00:15.598
and creates an obvious
and substantial conflict of interest
00:00:15.682 --> 00:00:20.186
between brokers and their customers,
and should be banned altogether.
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Movie Summary
It's easy to feel overwhelmed by the world's problems. It's harder to pinpoint the systems responsible for creating them. In this series, Jon Stewart brings together people impacted by different parts of a problem to discuss how w...
