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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit
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To: CountofMoneyCristo who wrote (1220)6/24/2003 7:10:27 AM
From: Gersh Avery  Read Replies (2) of 3143
 
Hi Oliver.

I thought that I'd mention a train of logic.

With most trades that take place, the brokerage is "the other side." Why are the brokerages able to charge a "commission" for such action? They are not doing work for me. They are representing themselves.

When I pay someone a fee, they are supposed to do work for me, in exchange for that fee. In this case I pay a fee for the brokerage to work against me.

I would suggest that all commissions that have been collected over the years should be returned as they were collected for services not rendered.
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