“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.” 

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