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...Ameritrade. But industry watchers say they'll be the next to act. "I think a move is imminent for TD Ameritrade," says David Lo, director of investment services at J.D. Power & Associates. "[Their trading fees] are higher than everyone else so they almost have to do something." (See the best business deals...
Fidelity fired a salvo two weeks later, when it cut trade commissions to a flat fee of $7.95 from previous rates that ranged from $8 to $19.95 depending on trading volume and asset size. E*Trade, best known for its popular talking baby ads, joined the battle in early February when it trimmed equity-trading fees for low-volume investors to $9.99 from $12.99, although it still maintained a premium deal of $7.99 per trade for higher-volume customers. Scottrade stayed put, as it already offers flat $7 trading fees. (See the top 10 worst corporate name changes...
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