1.   Brokerage house stocks sank amid concern earnings will be adversely affected by a ruling Liberal Democratic Party proposal to deregulate commissions charged on securities transactions.

2.   Commissions were deregulated last fall, leading to price cuts, and foreign financial services companies and online trading firms have given the Japanese firms stiff competition.

3.   The ruling Liberal Democratic Party proposal to deregulate commissions charged on securities transactions could hurt the earnings of brokerages.

4.   The ruling Liberal Democratic Party proposal to deregulate commissions charged on securities transactions could hurt the earnings of brokerages, the Nihon Keizai reported Saturday.

5.   Then the Securities and Exchange Commission deregulated commissions.