Robinhood Extends Slump on Fears of Payment for Order Flow Ban

Robinhood Markets Inc. continued to slide after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the table.”

Robinhood fell about 0.8% to $43.31 as of 10:28 a.m. in New York on Tuesday, after Gensler told Barron’s the day before that paying for order flow -- where brokerages send customer orders to trading firms and receive payments in return -- has “an inherent conflict of interest.”

Gensler has previously made similar points about the practice, which has been in Washington’s crosshairs for months as policy makers scrutinize the mechanics of ...