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Wall Street Faces Major Shakeup Proposals in 1971
Investors, funds, banks, and insurers faced upheaval as Martin's report urged sweeping changes to the New York Stock Exchange. Proposals included negotiated commissions, extended exchange membership to institutions, and a unified rating system to cut costs amid a volatile market. The plan met opposition and slow action as the market slid late in 1971.
MENTIONED IN THIS ARTICLE
New York
Securities and Exchange
Commission
Martin
Altheir
Teadine Warne
F Exchange
Com
Wall Street
Senate
Williams Securities Industry
McChesney Martin Jr
Nounced
New York Negotiated Commission Rates Stock Exchange
Dow
New York Stock Exchange