WALL STREET: Help for Broke Brokers

Caught between steadily rising costs and an equally steady lag in investor interest, the nation's investment brokers constitute an industry that hardly anyone is bullish about. Last week the Securities and Exchange Commission sought to administer first aid in two forms. For the next six months, brokers will be able to raise their commission charges by 10% on small transactions ($100 to $5,000) and 15% on medium-size ones ($5,001 to $300,000). But after April 30, 1975, the SEC ruled, the investment industry must eliminate fixed commissions altogether, forcing brokers to compete freely with one another...

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