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Securities Probers Push Broad Overhaul of Markets
Washington June 4 AP House and Senate committees unveil sweeping new securities laws to tighten market oversight. Proposals aim to extend disclosure rules to about 4200 unlisted firms, tighten over the counter trading, require NASD membership, expand SEC powers, and curb stock manipulation with longer prospectus requirements. Public hearings possible after mid July. support from major exchanges and industry leaders.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Congress
Ibe
Securities and Exchanges
Commission
SEC
Cary
Oren Harris
D-Ark
Commerce Committee
A. Willis Robertson
D-Va
State Capitol
Harrison. Alments
Williams
D-Mj
Legisla
G. Keith Funston
Hearlnoe
New York Stock Exchange
Securiies
Edwin D. Etherington
The
American Exchange
Harris
NASD