Question: Answer will be scanned, thumb down for plagiarism. 14. Why have brokerage commissions earned by securities firms fallen since 1977 ? What three factors accounted

Answer will be scanned, thumb down for plagiarism.
14. Why have brokerage commissions earned by securities firms fallen since 1977 ? What three factors accounted for the resurgence in profits for securities firms from 1991 to 2000 ? What factors contributed to the significant decrease in profits for securities firms in the early 2000 s and the resurgence in profits in the middle of the first decade of the 2000 s? How did the financial crisis affect the performance of securities firms and investment banks? What was the largest single asset and largest single liability of securities firms in 2015
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