Discount brokers have formed a trade association, called Discount Brokerage Association. The group is designed to lobby legisative and regulatory bodies that affect its business, and to educate the public about discount broker services.

Among the group's 15 members are T. Rowe Price Discount Brokerage, Scudder Brokerage Services, Jack White & Co., Accutrade, Brown & Co. and National Discount Brokers, a subsidiary of the Sherwood Group.

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