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So if I want to use Fidelity’s salesmen and pay part of my trading profits in the form of a rebate, why shouldn’t I be allowed to do it? It was characterized as this bribe and kickback and something sinister, which was very easy to do…Order flow is an issue that attracted a lot of attention but is grossly overrated.
— Bernie Madoff, Chairman of Bernard L. Madoff Investment Securities, recently discovered to be the architect of the world’s biggest ponzi scheme, in a 2000 interview with CNN, on the issue of payment for order flow