I never get any advice from these blood sucking leaches. Expect for settlement. I do my own transactions online. So in the age of computer technology, can't we remove them from the equation and have them as an option. I really do not get any benefit back for the 1.28% I pay.
In general, a broker buys and sells on the behalf of the clients. I am being a client, the broker does not do anything on my behalf expect send me a transaction advice and collect the commission.
Can't SEC handle the investor through an elaborate system between SEC-> Investor->Investor Bank and keep these Brokers as an option for the investor.
Can anybody with the inside knowledge of broker firm explain this.