The Securities and Exchange Commission (SEC) said Wednesday it removed the minimum amount of commission that stockbrokers may charge their customers to boost trading activity in the stock market.
The new rule allows brokers to set their own commission schedule for transactions with their customers, without the limitations of a prescribed regulatory minimum commission, SEC said in a statement. It previously set the broker’s commission at 1.5 percent.
“Lower transaction costs...
PARIS, France—French banking group Societe Generale said Monday it was ceasing activities in Russia and selling its majority stake in Rosbank, weeks after Ukraine’s...