Former TD Ameritrade CEO Fred Tomczyk told CNBC on Friday he believes retail stock market investors have never had it better when it comes to competing against Wall Street pros.
“When you think about what the retail investor has today, they have free trading, free research, free investor education, and they have faster and better trade execution than ever,” Tomczyk said in an interview on “Squawk on the Street.”
“The playing field between the retail and the institutional investor is more level than I’ve ever seen it,” added Tomczyk, who led the brokerage firm as president and chief executive from 2008 to 2016. He’s now on the board of Cboe Global Markets.
Tomczyk’s comments came one day…