Business: Thou Shalt Not

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Out of two years' rich experience gained in probing the practices of U. S. stock exchanges, the Senate's Banking & Currency Committee last week pumped a bill for regulation and restriction. Brokers had expected the worst and they got it. To the Federal Trade Commission through compulsory registration of both exchanges and their listed securities the bill handed almost unlimited power over each & every phase of the gigantic business of securities trading. The bill bristles with penalties—up to $25,000 fine, ten years in jail, for individuals, $500,000 fine for exchanges— and...

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