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 ?
It's no secret how much Mayday Parade appreciates their Filipino fans, and it's no surprise that this time around, they've decided to reach more of their fans in the country.
All money raised for Mayday will go towards providing essential crew kit.
I'm excited to welcome the outstanding and dedicated employees of Mayday and Hi-Tech to our ESCO team."
Richard Lee, RNLI marketing manager, said: "We were so keen to feature Dave's story in our Mayday campaign as it shows the sacrifices our volunteer crew members have to make when their pagers beep.
Today, 75 percent of customer contacts related to the Fire HDX come into Amazon via the Mayday Button, the free service that is available 24 hours a day, 365 days a year.
Rick Moran, COO of System Insights, echoed the respect for Mayday, and stated, “We were impressed by Mayday's thorough assessment process and are excited to be working with Doug and his team.
Thousands of Mayday Tech Advisors across the US were available on Christmas Day to take calls from customers.
You should look to Mayday as an example of how you can raise the bar for customer service in a sustainable way.
Users can simply tap the Mayday button in Quick Settings and an Amazon expert will appear on the Fire HDX and can co-pilot the users through any feature.
A faint mayday call had been picked up by coastguards and the tape had to be played back several times to try and establish their location.
Whether by accident or design, Broadchurch (Monday, STV) and Mayday (Sunday to Thursday, BBC1) clashed, big time.
MAYDAY, MAYDAY, MAYDAY, this is ALASKA, ALASKA, ALASKA