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Show oo NEW LAW OF EXCHANGE Business Conduct of Members to Be Watched Watch-ed by a Committee New York. March 7. The New York stock exchange is notifying Its members that the amendment to the constitution authorizing the appointment appoint-ment of a "committee on business conduct," which was adopted by the governors on P'ebruary 25, has become be-come a law of the exchange. The committee is to consist of fivo members, whose duties are "to consider con-sider matters relating to the business conduct of members with respect to accounts; to keep in touch with the prices of securities listed on the exchange, ex-change, with a view to determining when improper transactions are being be-ing resorted to," and it shall have the power to examine into the dealings deal-ings of any members with respect to the above subjects and report to the governing committee." |