Printer Friendly

COMMISSION CHARGES ON STOCK TRANSACTIONS ROSE ABOUT 4 PERCENT FROM 1989, SECURITIES INDUSTRY ASSOCIATION STUDY SHOWS

COMMISSION CHARGES ON STOCK TRANSACTIONS ROSE ABOUT 4 PERCENT FROM 1989,
 SECURITIES INDUSTRY ASSOCIATION STUDY SHOWS
 /ADVANCE/ NEW YORK, June 14 /PRNewswire/ -- Commission charges on stock transactions rose an average 4 percent during the two years 1990 and 1991, a just completed study showed, the Securities Industry Association (SIA) said Monday (June 15).
 "The modest 4 percent average rise over 24 months is less than half the more than 9 percent gain in the consumer price index (CPI) during that period," Adrian L. Banky, executive vice president, said. In 1990, the CPI rose 6.1 percent and in 1991 was up 3.1 percent.
 The SIA study, "Prices Charged Retail Clients," was based on data provide by 93 securities firms from across the nation. SIA last conducted a similar study in 1989.
 The 4 percent average was determined by comparing, for 49 different illustrative transactions, the lowest, median and highest commissions at the end of 1989 with the corresponding commissions at the end of 1991.
 Banky also noted 71 of the 93 firms didn't change their stock commission schedules during 1991. Among the 22 that did increase rates, the median increase was 5.2 percent.
 The pricing study is one of several non-public studies SIA conducts from time-to-time which use proprietary material and on which only summary information is released generally, the association said.
 -0- 6/15/92
 /CONTACT: Art Samansky or Karen San Antonio of Securities Industry Association, 212-608-1500/ CO: Securities Industry Association ST: New York IN: FIN SU:


SH-TS -- NY014 -- 9574 06/12/92 09:49 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 12, 1992
Words:259
Previous Article:CHOCK FULL O' NUTS REPORTS THIRD QUARTER RESULTS
Next Article:SAND TECHNOLOGY SYSTEMS INTERNATIONAL REPORTS A THIRD QUARTER PROFIT


Related Articles
NET ACQUISITIONS OF FOREIGN EQUITIES BY U.S. INVESTORS ROSE TO RECORD IN FOURTH 1991 QUARTER, SIA SAYS
AVERAGE EARNINGS OF RETAIL BROKERS ROSE TO RECORD IN 1991, SIA SURVEY SHOWS; INSTITUTIONAL BROKER EARNINGS ALSO ADVANCED
Trends in total hospital financial performance under the prospective payment system.
U.S. RETAIL SECURITIES BROKER MEDIAN EARNINGS REACHED RECORD IN 1992, SECURITIES INDUSTRY ASSOCIATION STUDY SHOWS
Recent trends in retail fees and services of depository institutions.
MOST STOCKHOLDERS HOLD ON TO SHARES, STUDY SHOWS.
STUDY OF BROKERS DETECTS BIAS IN EVALUATING STOCKS.
Vast Majority of U.S. Financial Institutions Offer Customers Free Use of Debit Cards to Make Purchases.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters