Posts tagged Best Execution.
FINRA issued a targeted-exam letter on February 20, 2020 seeking information on the effect of zero-commission trading upon compliance with related obligations of Best Execution, payment for order flow, and non-commission account fees. The Exam Letter is here.
The zero-commission tide rose quickly throughout 2019, together with some industry consolidation as well. Among those announcing no commissions:
- Ally Invest, the investment affiliate of online Ally Bank;
- E-Trade, to be acquired by Morgan Stanley, announced February 20, here.
- Fidelity
- Interactive Brokers
- Robinhood
Posted in: FINRA
Tags: Best Execution, finra