15. What three factors are given credit for the steady decline in brokerage com-

Question

15. What three factors are given credit for the steady decline in brokerage com- missions as a percentage of total revenues over the period beginning in 1977 and ending in 1991? 15. What three factors are given credit for the steady decline in brokerage com- missions as a percentage of total revenues over the period beginning in 1977 and ending in 1991? 15. What three factors are given credit for the steady decline in brokerage com- missions as a percentage of total revenues over the period beginning in 1977 and ending in 1991?

Explanation / Answer

The three factors which were responsible for steady decline in brokerage commissions as a percentage of total revenues over the period begining in 1977 and ending in 1991 are given as follows:

1. Abolition of fixed commissions by SEC in 1975 which decline the brokerage commissions.

2. Huge competition between brokerage firms which lead to decline in brokerage commission.

3. Stock market crash of 1987.

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