Charles Schwab-TD Ameritrade deal would show fallacy of ‘free’ trade

Just weeks after Charles Schwab turned the industry upside down by cutting online stock trading commissions to zero, word broke Thursday that it is in discussions to acquire rival TD Ameritrade for $ 26 billion. If the deal to merge the country’s two largest discount brokerages goes through, the resulting behemoth will essentially dominate the “free”…
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