JPMorgan Abandoning Commissions … Or Not?

JPMorgan Abandoning Commissions … Or Not?

JPMorgan seems to be in a state of flux, along with other broker-dealers, in terms of what to do with plans to drop commissions in retirement accounts as part of its compliance with the Department of Labor’s new fiduciary standard

Merrill Lynch

Merrill Opens ‘Pandora’s Box’ With Shift on Commissions: Analysts

Merrill Lynch told its Thundering Herd Thursday that it plans to explore “options” for at least some clients who might benefit from commissions in retirement accounts, a shift from its earlier fee-only approach to the new Department of Labor’s fiduciary standard.