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SECURITIES

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From Times Staff and Wire Reports

Securities Industry Attacks Proposed Rules: Two proposals call for disclosure of fees charged in certain bond trades, a plan regulators say would help consumers get a better deal in the market. Major Wall Street firms, trade organizations and small regional brokerages have filed more than 160 letters to the Securities and Exchange Commission, with most opposing the move. The firms contend that the SEC proposals would place small brokerage firms at a competitive disadvantage, decrease competition and perhaps reduce the depth of trading in the bond market. The rules would compel Wall Street brokers to disclose the fees they charge customers in fixed-income and bond trades in which buyer and seller are matched quickly.

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