Have you noticed anything different on your bond trade confirmations lately? On May 14 the SEC enacted new rules requiring your broker to disclose the mark-up/mark-downs on all retail corporate, municipal and agency bond transactions. The biggest little white bond lie told to retail do-it-yourself investors has been: there’s no commission on bond trades. Commission, mark-up, tomato, tomoto, it’s all the same. I cannot count how many times I’ve heard investors brag about all their no commission bond trades.

Source: Forbes June 04, 2018 15:33 UTC