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No Quick Action By SEC On Stock Trading Reforms
The Securities and Exchange Commission faces months of study and consultations before any major moves on the 6400 page special study report. Key proposals include bringing about 4000 more unlisted stocks under SEC scrutiny, tightening qualifications for stock dealers, and possible abolition of some floor trading practices. The plan envisions staged changes via exchanges and potential influence from upcoming publicity, with an office of program planning to analyze the report and guide recommendations.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commision
SEC
Commission
Senate
House
New York Stock Exchange
Chicago
Milton H. Cohen
Office of
University of Pennsylvania
Congress
Federal Reserve System