Research ReportCRS In FocusVersion 2
IF12594
Payment for Order Flow (PFOF) and Broker-Dealer Regulation
Published Feb 20, 2024Updated Jun 21, 2025
Full report
What this is
The Congressional Research Service is a nonpartisan policy and legal analysis arm of the Library of Congress. CRS reports are written for members of Congress and their staff, not the public — but they’re made available openly through Congress.gov.