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Study Says Broker Rebates Cost Investors Billions

Date: May 6, 2012

Author: Nathaniel Popper

QUOTE: The rules governing Wall Street generally force stockbrokers to seek out the best prices for clients who pay them to buy and sell shares. In recent years, though, brokers have had another enticement that can pull them in a different direction: payments from stock exchanges in return for sending them business.

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Article MetaInformation:

Key People:

• Matthew Samelson
• Jeffrey C. Sprecher
• Prof. Chester S. Spatt Ph.D.

Key Organizations:

• BATS Global Markets, Inc. (BATS
• InterContinentalExchange, Inc. (ICE)
• Island Exchange (ISLD)
• Nasdaq Stock Market, Inc., The (NASDAQ)
• New York Stock Exchange (NYSE)
• New York Times Company

Subject & Geographic Categories:

• Abstract Principles
  • Information
    • Truth / Honesty / Lying / Cheating
      • Hide/Mislead
        • Disclosure/Conflicts of Interest
          • Disclosure/Conflict of Interest (Individual)
          • Disclosure/Conflict of Interest (Organizational)

• Businesses & Organizations
  • Industry-Specific Issues
    • Securities (Wall Street)

• Personal Finance & Career
  • Personal Finance
    • Personal Asset Management
      • Investing: General
        • Mutual Funds
        • Stocks

• North America
  • United States of America/USA

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