1.   The initial punishment for the four securities houses had been only an instruction to refrain from certain securities transactions for four days.

2.   The Dutch have abolished turnover tax and fixed minimum commissions on securities transactions.

3.   Another would liberalize commissions on securities transactions so that brokers could offer discount services.

4.   A proposal to remove taxes on securities transactions will be studied by a government panel, Hashimoto said.

5.   A.T. Brod was shut down by the New York Stock Exchange for failing to set aside the required capital to back its broker-dealer securities transactions.

6.   Brokerage house profits are linked to the value and number of commissions charged for securities transactions.

7.   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.

8.   Brokerage stocks sank as well amid worry persistent low trading volume will erode profit made from commissions on securities transactions.

9.   Congress plainly contemplated the possibility of dual litigation in state and federal courts relating to securities transactions.

10.   In a package of deregulation measures released yesterday, the governing Liberal Democratic Party calls for the liberalization of brokerage commissions and reviewing of securities transaction taxes.