As a very active trader, my commission fees run into the thousands each year.
Some years I end up paying more than other years, and it all comes down to how much trading volume I generated in that particular year.
There is no doubt that commission rates eat into profits. Here in the US, there are a variety of online discount brokers to choose from and competition among them is fierce to get your business.
Scandal erupted in the fantasy sports world earlier this week, when it was leaked that employees from one major fantasy sports website, DraftKings, had used their own inside information to win money in contests held by their rival company, FanDuel.
That got us thinking about other instances of people using inside information for their own benefit. While a story like this might be unusual for the sports world, it’s small potatoes in finance. Here are five of the biggest insider trading schemes Wall Street has ever seen.