Commissions: Discount Broker and Vanguard Group

commissions: Free trades would be an abrupt shift by Vanguard Group, according to The Independent. Only a few weeks ago, CEO Tim Buckley had waved off the idea of cutting commissions, a move every other discount broker made in October. The company is expected to announce soon that it is eliminating commissions to trade equities and options. We go for a different investor, he told Barron's in mid-November. It's a measure of how rapidly the industry is changing that its leader is playing catch-up on pricing. We've made the choice not to provide all the services for people who want to churn and burn their account. (news.financializer.com). As reported in the news.