May Day

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May Day

The date of May 1, 1975, after which brokers were allowed to charge any brokerage commission, rather than a mandatory rate.

May Day

1. Informal; the first date on which brokerages were allowed to charge commissions below the previous minimum commissions. On May Day, brokers were permitted to negotiate commissions directly with clients for the first time. May Day occurred on 1 May 1975.

2. A holiday for workers that occurs on the first of May. May Day is a significant day for leftist groups and other proponents for the working class. It is more commonly celebrated in Europe than in the Americas. See also: Labor Day.

May Day

A widely used reference to May 1, 1975, the date on which brokerage commissions on securities became negotiable. May Day ushered in discount brokerage firms that charge investors reduced fees.
References in periodicals archive ?
The Laborfest Labor Day parade will begin at Michigan & Trumbull and end at the UAW Ford Programs Center, located at 151 West Jefferson, Detroit, MI.
To encourage participants to share their experiences, the PFBC will hold a special photo contest through its Facebook page beginning on Labor Day.
It is of some interest to look at the relationship between the Gallup Poll numbers for the leader immediately after Labor Day and the winner on Election Day.
The union agreed to the holiday swap in part because Tyson has usually required the plant's employees to work on Labor Day anyway, with employees receiving a holiday premium for working that day.
Our promotions make Walker a destination store," he said, adding that the store's 16-page, Labor Day circular will feature a Louis Phillipe bedroom group with a free Serta pillow-top mattress.
According to Myers, the real test -- then as now -- will be after Labor Day.
com, where millions of deal hunters go to stack coupons with cash back, presents a one-stop-shop to quickly compare the best Labor Day deals and coupons from hundreds of top retail stores.
Labor unions throughout Pakistan organize seminars, rallies and parades where union leaders deliver speeches emphasizing the history of Labor Day and its importance.
This nightly rate makes Washington State's largest city the priciest destination for this year's Labor Day weekend.
Actually the Labor Day was celebrated as a tribute to American workers for their contributions to the strength and prosperity of the United States.
At the Labor Day tournament, games averaged between 30 and 40 penalties, nearly twice as many as previously, Ice Station director of hockey operations Larry Bruyere said.
The Labor Day weekend is a key barometer for fourth-quarter sales, and furniture retailers are loading their best promotional ammunition in a bid to bring consumers through the door.