ERISA was enacted in September 1974. The SEC abolished fixed-rate commissions on trading in May 1975. These were the twin fire-starters of fee compression, and the flame continues to burn today.
Click here to read the article.
ERISA was enacted in September 1974. The SEC abolished fixed-rate commissions on trading in May 1975. These were the twin fire-starters of fee compression, and the flame continues to burn today.
Click here to read the article.