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Can brokers piggyback on their customers?

  #8 (permalink)

Burlington, Vermont
 
Trading Experience: Beginner
Platform: StockTwits
Broker/Data: Robinhood
Favorite Futures: ES, GC, ZB
 
nathanologist's Avatar
 
Posts: 706 since Jun 2015
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jdox View Post
So in other words, it is possible for brokers to be able to do this.

If I owned a brokerage and knew that one of my customers was making 10000% returns on his money, I'd just have some software make the exact same trades as the super trader customer. with my own account. Why wouldn't a broker do this?
Anyway thanks for answering my question.

Every time I've talked with anybody from my broker from the Sales to Customer Support to Trade Desk they've had no idea what my returns are. They don't seem to have access to my account balances or anything. So... I guess if you're making a lot of trade desk calls instead of software executions there might be an intercept along the way... But I don't think the average personnel have that kind of access.

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