Protecting Commission-Free Stock Trading and Investor Freedom
This act aims to ensure that citizens can continue to trade stocks without paying commissions. It protects the practice where brokerage firms receive payments for directing trade orders to specific exchanges. This allows individual investors to save on transaction costs, making market access easier for them.
Key points
Maintains commission-free stock trading: Investors will not have to pay commissions for buying and selling stocks.
Protects "payment for order flow" practice: Brokerage firms can continue to receive fees for directing orders, supporting the commission-free model.
Prevents prohibition of this practice: The Securities and Exchange Commission (SEC) cannot ban or limit this form of payment.
Status:
Expired
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