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Robinhood backs push to scrap a market rule most traders don't know exists
Key takeaways
- When the market shows a better stock price, should that price have to be respected?
- The rule is SEC Rule 611, also known as the order-protection rule.
- The debate has pulled in retail brokers, exchanges, market makers, Wall Street trade groups, and firms eyeing tokenized stocks.
Robinhood backs push to scrap a market rule most traders don't know exists Jared Blikre Sat, June 20, 2026 at 9:00 PM GMT+7 3 min read HOOD Robinhood is backing a push to scrap SEC Rule 611, a little-known rule meant to stop the market from skipping the best stock price investors can actually see.
The fight sounds technical. But it comes down to something basic. When the market shows a better stock price, should that price have to be respected?
The rule is SEC Rule 611, also known as the order-protection rule. The Securities and Exchange Commission has proposed rescinding it, and Robinhood (HOOD) is backing the move.
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