Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Private equity and venture capital investors have grown very smart about how to maximize ...

Explore the pros and cons of commission-free stock trading. Find out how brokerages profit and what this might mean for order execution and investor protection.

Payment for order flow (where market makers pay brokers to route orders for execution) and the duty of best execution (which requires a broker to seek the most favorable terms reasonably available for ...