If a group of brokers have a meeting to set commission rates, it is violating Sherman Anti Trust.
A piece of antitrust law from the United States, the Sherman Antitrust Act of 1890, established the idea of unrestricted competition between companies. It was approved by Congress, and its main author is Senator John Sherman.
Every "monopolisation, attempted monopolisation, conspiracy, or combination to monopolize" is prohibited by the Sherman Act, as is "every contract, combination, or conspiracy in restraint of trade."
Therefore, If a group of brokers have a meeting to set commission rates, it is violating Sherman Anti Trust.
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