In the News

Title

Game Over for Broker Commissions

Document Type

Article

Publication Date

10-7-2016

Abstract

Wall Street’s days of taking commissions appear numbered.

Commission-paying accounts, long a staple of the brokerage industry, are problematic under the Labor Department’s so-called fiduciary rule because a key provision in the rule that permits the use of commission-based retirement accounts continues to be seen as too risky for some in the industry.