Salt Lake Telegram | 1921-09-04 | Page 39 | New York Exchange Curbs 'Sharp Practice'

EW YORK EXCHANGE CURBS SHARP PRACTICE NEW r YORK ranK Sept S. Governing S commit commit- ce e 8 of ot New Ne ew York stock exchange e h has haa 5 adopt- adopt d 11 a n resolution which will rake make it moro more for tor houses not members of or tho to engage In what are aro common common- r termed rp ebarp practices It Is III explained lat hat he resolution Is II intended to put in and I definite terms certain rules aId tid down yn in the tho constitution regarding recording such with firms or individuals for tor customers and tak- tak tAkor ng or the side aide opposite th the customers The I solution follows tollow I any member of ot this exchange who 8 In In or associated In business M riI or whoso whose office la Is connected directly r r r. r indirectly by public or tJ wire or method of contrivance with or who any business director direct 0 or indirectly or or for l any ny organization non firm or 01 In- In l n aZul in purchasing and Rolling for customers customer and making x II Ire ot of taking tho the side aLdo of ot tho the market o PO oo po- po It lt to customers In transactions hod had for heir account shall shaU on conviction thereof it o deemed to have havo committed committe an act or ets detrimental tn to the interests ta and wet wol- aro ire of ot this exchange