Lessons of May Day 1975 Ring True Today @wsj

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

http://www.wsj.com/articles/lessons-of-may-day-1975-ring-true-today-the-intelligent-investor-1430450405