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I can’t help but think that eventually we’ll hit the “Big X” of brokerages if this consolidation continues, alongside the acquisition (mergers?) of TD Ameritrad
by acwan93 6y ago
I can’t help but think that eventually we’ll hit the “Big X” of brokerages if this consolidation continues, alongside the acquisition (mergers?) of TD Ameritrade and Charles Schwab.
Assuming we have an active FTC soon wouldn’t this lead to calls for to “break up big brokerages”, like there are for banks in 2008 and tech companies today? I’d imagine financial services is fractured and diverse enough where it’s hard to say that only a few key players dominate the market.
- Traster 6y agoI think an interesting element to this is that a lot of the things a monopolist would do in the brokerage market are already highly regulated and considered market manipulation or breach of fiduciary responsibility (although that's been relaxed recently) so maybe there isn't the same natural tendency to monopoly.