Feb 4, 2012 - If you have a brokerage account, what is the standard rate of commission for your broker to take for different deals?
I have power of attorney over my parent's account and have found the broker (Morgan Stanley Smith Barney) charges high fees. For a $30,000 stock purchase, the fees have ranged from 450 to 900 dollars. The higher was charged prior to my complaint and then the fee was reduced to a "preferential rate" of 30% discount, although once or twice it was a 50% discount.
I also asked...