Is Robinhood Markets Stock a Buy Now?

Is Robinhood Markets Stock a Buy Now?

Robinhood Markets (NASDAQ: HOOD) went public at $38 per share last July, and the online brokerage's stock closed at an all-time high of $70.39 less than a week later. According to several recent media reports, the SEC will stop short of banning all PFOF trades, but it could still take unspecified steps to limit their profitability. Does this positive development indicate it's finally safe to buy Robinhood's stock?