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On May 1, 1975 fixed commissions were abolished and the trading in securities surged, although the brokers at the time said it would spell the end of their industry. Fast-forward to 2015, when much of the brokerage industry vehemently opposes the idea that brokers should be required to put their clients' inter-ests ahead of their own.... You get the idea...
Read the story here on The Wall Street Journal.
Lessons of May Day 1975 Ring True Today
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