May Day

May 1, 1975, the date on which fixed minimum Brokerage commissions were no longer in effect in the U.S., leading to the rise of the discount Broker industry.

Related Terms: 6 Broker, Brokerage, Commission, Discount broker, Industry, Long

Other Related Pages: Category: Brokerages Starting With: M

Additional Related Terms: 10-K, 12b-1 funds, Accrual of discount, Accrued market discount, Amortization of premium, At par, At best, At call, At risk, Add-on service