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 ?
Instead, they should organize a May Day parade (on 18 April OS), with red flags and banners extolling "class and political demands and their solidarity with the workers of the world.
According to published reports, at least 800,000 people marched in the unofficial May Day parade in Mexico City as the 40th CELAM conference opened.
In another incident, stringers covering a May Day parade filmed police beating marchers and even a member of Parliament.
Raymon de Reyna, a Deloitte & Touche partner who taught an intensive two-week course at Moscow State University, was invited to march in the famous May Day parade in Red Square, perhaps the first Western CPA to receive such an invitation.
FULL BLOOM: A May Day parade horse prepares to leave from Sefton Park.
He said: "We were all arrayed like Brezhnev, Andropov and Chernenko, all sitting there like the May Day parade at Lenin's Mausoleum.
Maria, a government accountant who declined to give her last name, complaining during a Havana May Day parade about worsening economic conditions in Cuba.
Arguments about republicanism, nationhood and the monarchy being at the pinnacle of Britain's stultifying class system - let's leave these for another day, perhaps for when we march on the STUC's May Day parade this weekend.
POP CHART: Lesley Harrison with her scrapbooks and (right) as a child with one of the Ben Shaw delivery horses WELL DRESSED: Ben Shaw's dray horse decked out for a the 1953 May Day parade.
More than 3,000 travelling fans celebrated with the team at the final whistle - and last night the club promised a May Day parade around a town which has never known top flight football.
As a young boy in Moscow, in 1922, I was forced to march with my classmates in the Communist May Day parade in front of Vladimir Lenin himself.
The CT and CTM last participated in a May Day parade in 1994, but canceled the event in subsequent years because of the country's economic crisis and union dissatisfaction with the policies followed by then President Ernesto Zedillo (see SourceMex, 1997-03-12).