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SEC lifts minimum brokers’ commission for stock trades

By Inquirer - 7 months ago
MANILA, Philippines — The Securities and Exchange Commission (SEC) has removed the minimum commission fee paid by investors to stockbrokers, a move that it said should increase market activity. Under the SEC’s April 16 memorandum circular, brokers are now allowed to set their own commission schedule for transactions with investors. Brokers previously charged a minimum

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