Recently, Interactive Brokers (NYSEMKT: IBKR) and Schwab (NYSE: SCHW) got rid of stock trading commissions, creating a major shake-up in the brokerage industry, and competitors TD Ameritrade (NASDAQ: AMTD) and E*Trade (NASDAQ: ETFC) quickly followed suit.
In this Industry Focus: Financials clip, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss what this news means to individual investors and to the brokerage industry as a whole.
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