Update 12/9/19: This has now been expanded to all Merrill Edge Self-Directed Clients. Hat tip to @HH_Cash
Original post: Bank of America/Merrill Edge has announced that Preferred Rewards members will now no longer have to pay commission on stocks, ETFs and options. Earlier this year they added a limited number of free trades but this latest move is likely in response Charles Schwab removing commission which caused an avalanche of competitors to follow (TD Ameritrade, E*Trade, Ally & Fidelity). Non preferred members will have the cost reduced to $2.95 per trade.
Hat tip to CNBC via readers Lightspeed & John R
