Securities Acts Amendments of 1975

Securities Acts Amendments of 1975

Legislation to encourage the establishment of a national market system together with a system for nationwide clearing and settlement of securities transactions.

Securities Acts Amendments of 1975

Legislation in the United States that attempted to integrate American markets by encouraging the creation of nationwide settlement and clearing system, as well as a national market.
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As an SEC member (1973-76), Sommer led support for abolishing fixed brokerage commission rates--a revolutionary proposal implemented by the Securities Acts Amendments of 1975.

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