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Schwab still roots for the small investor

April 11, 2013 4:05 AM
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Schwab still roots for the small investor

Like many business icons, Charles Schwab's great business idea seems like simple common sense: Give small investors the same treatment big investors have always gotten.

For Schwab and his eponymously named discount brokerage firm, the first big opportunity began on May 1, 1975, when the Securities and Exchange Commission abolished fixed brokerage commissions. Companies such as Charles Schwab & Co. could now offer stock trades at much lower commission prices than co...

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