BUS. ADN
LIBRARY

93d Congress
1st Session

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COMMITTEE PRINT

us.Congreso ley bac. Subcommittee on sfarita

unate Committee on Banking,

SECURITIES INDUSTRY STUDY

REPORT

OF THE

SUBCOMMITTEE ON SECURITIES

COMMITTEE ON BANKING, HOUSING AND

URBAN AFFAIRS

UNITED STATES SENATE

Printed for the use of the Committee on Banking, Housing and

Urban Affairs

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1973

88-033

This

one

JK9J-8FS-WADS

I w. Adu. нс 4910 A482 1973

COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS

JOHN SPARKMAN, Alabama, Chairman
WILLIAM PROXMIRE, Wisconsin

JOHN TOWER, Texas
HARRISON A. WILLIAMS, JR., New Jersey WALLACE F. BENNETT, Utah
THOMAS J. MCINTYRE, New Hampshire EDWARD W. BROOKE, Massachusetts
ALAN CRANSTON, California

BOB PACKWOOD, Oregon
ADLAI E. STEVENSON III, Ilinois

BILL BROCK, Tennessee
J. BENNETT JOHNSON, JR., Louisiana ROBERT TAFT, JR., Ohio
WILLIAM D. HATHAWAY, Maine

LOWELL P. WEICKER, JR., Connecticut
JOSEPH R. BIDEN, JR., Delaware

DUDLEY L. O'NEAL, Jr., Staff Director and General Counsel

MICHAEL E. BURNS, Minority Counsel
STEPHEN J. PARADISE, Assistant Counsel

SUBCOMMITTEE ON SECURITIES

HARRISON A. WILLIAMS, JR., New Jersey, Chairman
WILLIAM PROXMIRE, Wisconsin

EDWARD W. BROOKE, Massachusetts
THOMAS J. MCINTYRE, New Hampshire WALLACE F. BENNETT, Utah
JOSEPH R. BIDEN, JR., Delaware

LOWELL P. WEICKER, JR., Connecticut