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replied by TheOldGuy
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on September 17, 2009
Even if you lived on or worked on Wall Street, you will have to pay a fee/commission (unless you're buying from a B /Ds inventory account).
For the most part if you're buying/selling securities traded on major exchanges, you will pay a fee/commission.
It's illegal for a B/D to share in the profits of a customer.
I worked on Wall Street for 40+ years, unless I did trades directly on the floor, I paid a commission/fee
Source(s):
from the industry