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 ?
Many Mayday events will have a yellow welly theme, in a nod to the essential kit crew members wear when they go out to sea to save lives.
The Mayday Button, Dawson says, changed customer service in one important way: "From this point forward, Mayday is a signal that businesses see service as a way to differentiate, not just as a cost to be controlled," he states.
By tapping the Mayday button in Quick Settings, an Amazon expert will appear on the Fire HDX and can co-pilot you through any feature by drawing on your screen, walking you through how to do something yourself, or doing it for you.
None of this will be easy, but it would be shortsighted to ignore Mayday because you don't think that type of service could be supported by your company.
CEO Pat McArdle said: "Under the new banner of learning ability, Mayday Trust is leading the way with our focus on talents and strengths, rather than needs and disabilities.
But I think it was more that it built up a credible picture of a community that, on first view, wasn't populated by suspicious–looking characters at every turn – not a charge you could level at Mayday, where everyone seemed to be dodgy and the locale creepy and claustrophobic.
Since His Royal Highness the Prince of Wales founded the Mayday Network in 2007, it has grown into the UK's biggest community of businesses committed to understanding and minimising their environmental impacts with more than 3,700 members.
If no response, say "mayday, mayday, mayday" and repeat the steps above.
Fourteen lawyers from Needham & James teamed up with staff from the Mayday Trust to compete against dozens of Chinese-style dragon boats at a festival in St Nicholas Park, Warwick, on May 23.
In 1991, he organized the first Mayday rave in Berlin.
Then during the final minutes of the recording a distinct male voice cried out: "Mayday, mayday, mayday".
Sampson and his organization, Mayday Air Jamaica say if Spirit does not walk away from the deal, Mayday and its supporters would picket at Air Jamaica in Miami on Dec.