News Focus
News Focus
Followers 52
Posts 2539
Boards Moderated 9
Alias Born 08/30/2000

Re: Georgia Bard post# 437

Wednesday, 08/15/2001 9:48:22 AM

Wednesday, August 15, 2001 9:48:22 AM

Post# of 484
Not to mention if NITE was to introduce this type of fee that brokers would have to pay I believe SCHB (Schwab), Herzog Heine Geduld (Merril Lynch) and others would soon follow suit.

Told ya Schwab would be following suit:
http://biz.yahoo.com/rf/010810/n10158764_4.html
"Further restructuring initiatives, including additional work force and technology capacity reductions, are likely to result in additional charges during the second half of 2001,'' Schwab said in a quarterly filing with the Securities and Exchange Commission.

Look out for a 12b Fee to hit the commission schedule to recoup costs. if say .005 that would be $50.00 per 10K of shares.



:=) Gary Swancey

:=) Gary Swancey

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today