European Stars And Stripes (Newspaper) - January 8, 1988, Darmstadt, Hesse                                Page 6 the stars and stripes Friday january 8,1988 probes will consider changes in Security Law Washington up the Senate banking Cairn mince will consider securities Law changes Early novt month As part of an investigation into the oct. 19 Loci. Market collapse. Chairman William in wire. Div said thursday. The committee will hold four Days of hearings Start in a feb. 2. Focusing on possible legislative Rhanis to avoid a repeat of Black monday and to ensure thai average investors Are protected prox Mirc said. Government agencies and their self regulatory organizations have now had time to conduct their autopsies of the crash he said. Congress must now do its Job of determining what regulatory or legislative i ants arc needed the senator listed a number of areas in which Laws might be changed including stricter limits on margin the amount of borrowed Money used to buy securities imposing tougher position limits on futures trading putting futures and Stock trading now overseen respectively by the commodities futures trading commission and the securities and Exchange commission under the jurisdiction of a single Federal Agency and adding regulations on computerized program trading that uses Stock Index futures and options. The committee also will investigate the operation of the Stock Market itself including an examination of the role of specialists on the floors of the exchanges and the system of Clearing and settling transactions he said. This system was taxed severely by huge volume on oct. 19 and the following Days and As a result the Sec has said that Many Small investors were squeezed out of the Market at a critical time. Along the same lines the committee will investigate charges that big investment houses made trades for their own accounts while their customers waited it is High Lime that we re examine the fundamental role of our trading systems and capital  prox Mirc said. A.,. Is retrieving the Cross a number of he Polar Bear club displays a Erosa he ritual. The Cross was thrown inn the Walcer by Patri Pluck a from icy water wednesday 4ilt new York s men Vasiliow. The air temperature via 18 buttery Park � put of a greek orthodox Church during the retrieval ceremony. Stateside German held in Miami pending extradition Miami a a West German National remains jailed without Bond on fraud charges pending in his Homeland officials Laid. Norbert Ginkel 41, was arrested at a downtown Miami hotel on Cli Risemas Eye on a warrant issued by . Magistrate Charlene Sorrentino at the request of West German authorities. Fri spokesman Paul Miller said oink sought by Ger Man authorities Tor several years was taken to the Federal metropolitan correctional Center South of Miami. The fraud charges originate from Frankfurt West Germany where Ginkel n wanted in connection with improper Cement shipments Miller said. Anti apartheid pastor retiring from the pulpit Philadelphia