Zecco had free trades in 2006.
It can't and isn't being done for free by anyone. Now figure out how you are paying them.
At this point they’re not being paid, nothing to figure out, they’re sacrificing revenue in the name of asset/users accumulation.
https://www.bloomberg.com/news/articles/2019-11-21/charles-schwab-in-talks-to-buy-td-ameritrade-cnbcWow
Officially announced (subject to the usual stuff) on this Mega Merger Monday. Who's next? A tie-up between IB an E*Trade? A takeover of one or both of those by Fidelity?
Wow . IB jumping in on fractional shares as well. Looks like we are accelerating into a new era of investing.https://www.interactivebrokers.com/en/general/communiques/2019/2019-Q4-vol9.html#section-feature-drop
Do public companies have restrictions on how they can distribute their profits? (i.e. Can they give themselves raises as they see fit or does all profit have to be divided among shareholders in dividends or capital gains??)
Does that include ALL profits? What I mean is, let's say a company goes public, does it "sell all of itself to the public" or only a %? If it's only say 40% are ALL profits "restricted"?
Does not matter what the percentage is that they offer in the IPO, they always have a fiduciary duty to the shareholders.
So even if they keep 60% for themselves the BOD will have the final word as to what they can do with ALL the profits? (TIA - we're debating a topic here with some colleagues, so just need some accurate info)