No. of Recommendations: 2
It seems that the stranglehold big money has over global politics would prevent these laws from ever passing

Sure, but still we have seen major changes in the US brokerage business over the last generation--I suppose from the Reagan era.

*No more fixed commission rates for stock trades.

*End of pricing in 1/8s which guaranteed a 12.5 cent per share bid ask differential. (Now the differential can be as small as $0.0001.) You do know people make a living off of that differential.

*The rise of discount brokers with most trades made online or via 800 numbers. Many fewer broker offices on mainstreet. Many fewer brokers.

An end to loads on mutual funds would not be monumental to most of us. It would affect only some.

Yes, the industry has lots of clout, and they do work to preserve certain aspects, but it looks as if they will not take on "populist" issues. If enough voters want it, it will happen.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.