Economics, deregulation, financial services, brokerage industry, securities brokers
Economics | Social and Behavioral Sciences
As of May 1, 1975, securities brokers were no longer required to adhere to a fixed commission rate schedule and banks were allowed to diversify by offering brokerage services. This deregulation resulted in the emergence of a new industry--discount brokerage. The purpose of this thesis is to explore the market conditions which encouraged the arrival of the discounter and to examine the structural patterns in the new industry. Understanding the economic factors behind pricing patterns will help to describe the nature of competition in the industry. One of the goals of deregulation is to increase competition in the market. It is of interest to assess whether deregulation of the securities market has accomplished this objective.
Department 1 Awarding Honors Status
Lutz, J. A. (1984). Post-Deregulation in the Financial Services Sector: The Birth of the Discount Brokerage Industry (Undergraduate honors thesis, University of Redlands). Retrieved from https://inspire.redlands.edu/cas_honors/608