Study of the Securities Industry, Part 7: Hearings Before the Subcommittee on Commerce and Finance of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-Second Congress, Second Session, February 23-24 and March 14-16, 1972 [open pdf - 397MB]
This is from the February 23-24 and March 14-16, 1972 hearings on the "Study of the Securities Industry, Part 7," held before the Subcommittee on Commerce and Finance of the U.S. House Committee on Interstate and Foreign Commerce. From the opening statement of John E. Moss: "Last month we conducted a hearing on problems relating to market structure, including the possible development of a central market system, combining auction and dealer markets, the respective roles of specialists, block traders and block positioners, the roles of the various exchanges, and the over-the-counter market, the possible development of a 'composite tape' and problems of antitrust immunity. At this hearing, we shall continue our discussion of these problems. At a hearing tentatively scheduled for the middle part of March, we intend to complete our study of market structure and related problems and turn to problems involving commission rates ' whether institutions should be permitted access to exchanges, either directly or indirectly through ownership of broker-dealer affiliates, and the desirability and feasibility of separating brokerage from money management." Statements, letters, and materials submitted for the record include those of the following: Milton Cohen, J. Robert Doyle, William C. Freund, Frank C. Graham, Jr., Robert W. Haack, David B. Heller, George Hender, William E. Jackson, Paul Kolton, William A. Lupien, Stephen M. Peck, Thomas Phelan, Jerome Pustilnik, Carl W. Schneider, Seymour Smidt, Michael Tobin, James W. Walker, Jr., Donald E. Weeden, Will K. Weinstein, John G. Weithers, and Elkins Wetherill.
Serial No. 92-37f
U.S. Government Publishing Office: http://www.gpo.gov/