SOFI - Free Trading Is A Mirage Market Guru Says: Here's How Retail Investors Pay For It | Benzinga
Discussing the pressing concerns about the current stock market structure and the urgent need for its reform were Urvin Finance CEO Dave Lauer and Benzinga "Premarket Prep" host Dennis Dick on the show Thursday.
Lauer has spent 15 years in the industry and is an advocate for important market structure reforms with a focus on making markets more transparent, aiming to operate within investors’ best interests.
What Happened: Retail investors know Robinhood Markets Inc (NASDAQ: HOOD), SoFi Technologies Inc (NASDAQ: SOFI), E-Trade and many more trading platforms offer commission-free trading. People place an order through the mobile app or on a desktop and aren't charged when the order is filled.
Lauer said that’s pretty deceptive.
While traders may not see upfront costs, they're paying in the form of poor execution quality, as the bulk ...