“Trading apps aren't just neutral onramps into financial markets for small-dollar investors,” said Erin Lockwood, assistant professor of political science at the University of California, Irvine. “Despite marketing themselves as tools of financial inclusion, they're not providing a public service; they are for-profit companies with their own incentives and their own regulatory obligations, some of which entail, directly or indirectly, imposing limits on what trading activities are allowed.” 

For the full story, please visit https://socalrecord.com/stories/579436485-uci-prof-answers-questions-about-robinhood-practices-posed-by-oc-congresswoman-steel

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