Game Over for Broker Commissions
Jamie Patrick Hopkins
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.
Wursthorn, Michael, "Game Over for Broker Commissions" (2016). In the News. 1719.