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US online brokers still profiting from 'dumb money'

By John McCrank

Oct 9 2019 12:02PM

But controversial new source of broker revenue has drawn regulatory scrutiny.

US online brokers still profiting from 'dumb money'

People who trade stocks online cheered last week when several large retail brokers slashed stock-trading commissions to zero, a move made possible, in part, by a controversial source of broker revenue that has drawn regulatory scrutiny. Charles Schwab Corp, TD Ameritrade Holding Corp and E*Trade ...

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