Charles Schwab lost its bid to end antitrust litigation seeking to unwind its $26B acquisition of TD Ameritrade over claims that the transaction slashed rebates and discounts for retail investors, Bloomberg’s Mike Leonard reports. Judge Amos. L. Mazzini let the case move forward, saying it’s plausible the merger worsened consolidation within an already tight-knit financial sector, curtailing competition among brokers that kept trading costs in check through widespread "price improvement" for ordinary traders, the author writes. Reference Link
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