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 ?
WATCH YOUR BACK The new poster for the STUC May Day parade
People were saying that Communist leaders had gotten their families out of Kiev ahead of everyone else, and that Moscow had ordered the May Day parade to proceed despite the apparent danger.
JAMES CARROLL'S Secret Father is about three teenagers, children of American parents in occupied West Germany, who decide to go to Berlin to see the massive May Day parade the East Germans would hold.
Wright dates to 1936 the May Day parade from which he is extruded at the end of the narrative.
Events observed include the recreation of a WWII battle that took place in a neighboring village, a satirical May Day parade and some elaborately bawdy amateur theatrics.
During her stay in Pyongyang, Terakoshi said she went to see the May Day parade with Song Ho Kyong, president of the Korea-Japan friendship association.
AMERICAN FORESTS reps march in Russia's first peacetime May Day parade.
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.
The May Day parade, noted the prominent author and columnist Carlos Monsivais, was not a celebration of the alliance between the state and the workers but rather a public display of workers' submission and obedience to the will of the state.
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.