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.
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