Oh, certainly. The biggest red flag is his praise of PFOF.

Thank you.

Tech companies have to keep the computers turned on, and I'm bothered by your question dodge.

Are you making interest from your users' credit card debt?

Are you lending out users' shares to short sellers? Do you allow your users to short sell?

What are your other sources of revenue?

It's a terrible model designed by Bernie Madoff that guarantees retail does not get a better price than the middle man. Good to hear you don't use it.

So, if there are no commissions, no advisory fees, and no PFOF, how do you keep the lights on? Are you selling your own mutual funds or ETFs with a relatively high expense ratio? Or do you charge commissions for options/derivatives?

So, you must use payment for order flow?