regulatory
confidence low
sentiment neutral
materiality 0.10
Robinhood broker-dealers release Q4 2022 SEC Rule 606 order routing reports
Robinhood Markets, Inc.
- RHF and RHS each furnished quarterly Rule 606(a) reports for Oct–Dec 2022.
- All non-directed orders routed through RHS; 80% of revenue shared with RHF.
- Report shows net payments of $0.00 for all order types in S&P 500, non-S&P 500, and options.
- Report excludes fractional-share, dollar-based, and certain program orders from non-directed order flow.