That idea is absolutely foolish. What about penny stocks?
This would result in reverse splits and every stock would cost thousands of dollars to minimize this fee. Foreign exchanges would get a huge boost - especially from stocks traded on both exchanges. Your average investor wouldn't be able to have a balanced portfolio and share price would become a huge issue.
This would result in reverse splits and every stock would cost thousands of dollars to minimize this fee. Foreign exchanges would get a huge boost - especially from stocks traded on both exchanges. Your average investor wouldn't be able to have a balanced portfolio and share price would become a huge issue.