S. E. C. ASKS CUTS IN BROKERS' FEES; New York Stock Exchange Gets Proposal to Benefit Inventors in Big Trades S. E. C. ASKS CUT IN BROKERS' FEES
SEC formally asks NYSE to cut comms its member firms charge on large stock transactions, effective Sept 15 or sooner if possible; move is interim step pending full rev of comm charges as well as membership eligibility and business procedures; July hearings set; SEC offers alternative ways of cutting comms; complexities discussed
