bank brokerage

Key Investments and Banc One Securities, two of the bank brokerages, also charge a multitude of fees.

Matt Kolb, a business law teacher who previously ran a Deutsche Bank brokerage office in New York City, selected the New Rochelle team.

While only one of the full-service firms and none of the bank brokerage firms charges an investor for setting up an account, according to the survey, Pacific Brokerage Services charges investors $65 for the service.

The incident "had the effect of wiping $2.5 billion off Yukos' stock market valuation over two days," wrote Christopher Weafer, an analyst at the Alfa Bank brokerage firm in Moscow, in a report to clients.

Six bank brokerages, including First Interstate Securities, Wachovia Investments and First Union Brokerage Services, charged less in commissions for the same transaction than did two discounters, Charles Schwab and Fidelity Brokerage Services, the survey found.