TRADING CONTROL.
U.S. EXCHANGES REGULATION.
(Received 9.30 a.m.) WASHINGTON, June 17. President Roosevelt signed the Commodity Exchange Act, which is designed to extend Government regulation to the commodity markets, particularly to grains, as now enforced on securities exchange. A commission will be appointed to administer the Act, which provides for fixing of trading limitations to curb excessive speculation. Various sorts of fictitious transactions commonly employed to manipulate market prices are prohibited. All brokers and commission merchants® who deal in commodity futures must register with the commission and supply periodical reports of their activities.
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Bibliographic details
Auckland Star, Volume LXVII, Issue 143, 18 June 1936, Page 7
Word Count
93TRADING CONTROL. Auckland Star, Volume LXVII, Issue 143, 18 June 1936, Page 7
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