Revisiting the idea in 2019

Leon and Kevin meet at UCLA Anderson and discuss different ideas for launching a data service to retail investors to help solve the issues with data quality and transparency. This is during the rise of Robinhood and the concept of providing free data and zero commissions to investors. The tradeoff is that the brokerage makes money through a newer vehicle called Pay for Order Flow. This is generally considered to not be in the best interests of the investor.

FINRA Fines Robinhood Financial, LLC $1.25 Million for Best Execution Violations