Interesting read....
DETROIT (TheStreet) -- The little guy appears to be losing out on the General Motors initial public offering.
Trading shops like E*Trade(ETFC), TD Ameritrade (TD) and Charles Schwab (SCHW) aren't getting access to the GM public offering, expected to occur next week. Despite 35 underwriters and at least 365 million shares, there isn't enough to distribute to online brokers that cater to small, retail investors."
Wednesday, November 17, 2010
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