secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001783879-23-000097
Event type: regulatory
Sentiment:  neutral
Materiality: 0.20
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Robinhood releases Q1 2023 Rule 606(a) order-routing reports
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- All non-directed orders in S&P 500, non-S&P 500, and options routed 100% to affiliate Robinhood Securities, LLC.
- RHF reports zero net payment for order flow for all order types across all three months of Q1 2023.
- RHS receives PFOF from third-party venues and passes 80% of revenue to RHF under a cost-sharing agreement.
- Fractional-share, dollar-based, and certain recurring-investment orders are excluded as 'not held' and outside report scope.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000178387923000097/0001783879-23-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000178387923000097/hood-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001783879-23-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer