Word: sec
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Dates: during 1970-1979
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...Civil Aeronautics Board and the Interstate Commerce Commission were singled out for making some progress in civil rights enforcement. Plans for formal proceedings that may result in a rule against discrimination in employment by the transportation industry are currently being worked on at the CAB and the ICC; the SEC has agreed to require disclosure of pending civil rights actions against a company seeking registration with that agency...
...SEC has made clear its determination to force the New York and American stock exchanges to extend negotiated commissions to all trades above $100,000. It is being prodded by the Justice Department, which has a voice in the matter because of Supreme Court decisions that hold the exchange is not exempt from antitrust laws. Commission cuts are likely to become deeper as well as wider. Some small brokerages have announced that on big-block trades they will negotiate commissions as low as a penny a share v. 23? for an average-priced stock under the old fixed-rate structure...
...result, the income of exchange-member brokerages will be so drastically reduced that some may not be able to survive in their present form. SEC Commissioner James Needham thinks that many houses will diversify "into such things as money management, selling bonds, financial planning for their customers, even selling insurance." Some brokers foresee an eventual split of the exchanges into two markets-in effect if not in formal organization. In the more important market, institutional investors would trade stocks in huge blocks at low, negotiated commissions. In the less significant market, a declining number of individual investors would trade...
...Chevrolet and then closed on the leader, Scotland's Jackie Stewart. Executing a neat passing maneuver on the 31st lap, he gunned by Stewart's blue Tyrrell-Ford and won going away. The second heat was more of the same as Andretti bested Stewart by a 12.3-sec. margin. After accepting his $39,400 winner's prize, Andretti suggested that the U.S. Formula A team could take some consolation from the fact that the metal repair work on his winning Ferrari "was done right here in California, U.S.A...
...customers this year. Though the interiors seem cramped, the Mazdas are not cheap: $2,495 for the R-100 and $2,800 for the larger, more powerful RX-2. Their appeal lies in jackrabbit speed and smooth riding. The Mazda can accelerate from zero to 60 m.p.h. in 13 sec., and the faster the car is driven, at least up to 100 m.p.h., the quieter it sounds to passengers...