What you don’t know costs you money.
One would hope that stock brokerages would pick the place to route their clients’ stock transactions based upon the performance of those exchanges and other trading spots. Would it surprise you to learn that some of those brokerages pick the sites based on who pays the brokers the most?
They can’t do that, can they? Apparently so.
“Agency investigates brokerage incentives,” Houston Chronicle, January 5, 2014 D6 http://bit.ly/1kkwth5 FINRA investigates whether brokers are representing their customers fairly, or trying to make some additional profit.
Is this information? Or news? Or both?