WALL ST. REGULATION
Negotiations Collapse SPECULATIVE ACTIVITY (Eeceived 26, 8.45 a.m.) WASHINGTON, Nov. 25. The Securities Exchange Commission, in a long report, announces the collapse of negotiations conducted by the NeW York Stock Exchange in an effort to secure voluntary regulations. The report contains the charge that members of the exchange trading on their own account made very heavy short saies during the September break in the market, further depressing prices. The report goes on to issue a warning that speculative groups have utterly disregarded the publio interest, thus increasing public distress to the point of demoralisation. The report declares that exchange membership is too large and demands a voluntary revision of the administrative and functional techniques throughout the country's exehanges; otherwise the Securities Exchange Commission will compel this step to be taken.
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 54, 26 November 1937, Page 5
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133WALL ST. REGULATION Hawke's Bay Herald-Tribune, Volume 81, Issue 54, 26 November 1937, Page 5
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