European Stars And Stripes (Newspaper) - May 8, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday. May 8,19b8 investor s Uidel by Bill Doyle q. My Hin band and t Awn Slacks in Bath our Rijmes. The initial a twos tie printed on the Stock certificate alter our Nim. I know Attiat it stands for joint ten ants and you hire explained that Lei unix Means own but Liat Doe who stand for a. With right of sur joint tenancy is the Moi popular or three ways to own stocks and other property jointly to Means that when one of you leaves this Vale of Iran he survivor becomes the sole owner. The second form of joint ownership is tenants by the which Means the same thing and can be used Only by husband and wife the third is tenants in com with that form each tenant owns half of the properly. When one owner Dies the survivor docs not automatically become the Sok owner. Q. I hate mock certificates in my name Only. Can i add relative s name As joint tenants with right of survivor ship if so Haw is this done a. You can make anyone relative or not joint owner of you Stock. Thai s accomplished through the Stock s Transfer a enl. You la find the Transfer agent s name and address in your annual stockholders report. Fill out the assignment form on the Back of the certificate showing exactly How you want the Slock registered. Have your signature guaranteed by a brokerage firm commercial Bank or Trust company. Send the certificate by registered mail return receipt requested la the Transfer agent. The old certificate will be destroyed and a new one sent to you. Q. My wife and i Are a Tajii or taint put the dividend from our stocks in the Bank of course we ban to pay income Ian on those Chi Puiul. We would like to have my elderly Par Entcho Are in the lowest income tax bracket receive those Dii Dendi in such a Way that they Nat we pay the tax on Ibe dividends. Can this be Dune by using a dividend order a. Through the dividend order procedure you can arrange to have he dividends from Stock you own paid to your parents or any one Cist you like. But you not your parents will still have id pay income tax on those dividends. As a Way around that lax prob Lem you might consider setting up an irrevocable revisionary Trust and putting your Stock into the Trust. That Way your parents would have the tax liability on the dividends which they would receive As Long they live. When they die the Slock would revert to you. The drawback would be in the irrevocable nature of the Trust meaning you would not be Able to gel your hands on the Slock or sell it until after your parents deaths. Trusts can be complicated and the Laws governing them Tricky. Business views Stock Mart Reform warning issued Washington a the presidential task Force appointed last Lal to study the october Stock Market crash says Progress toward reforming the mar Ket should Nat be sidetracked by turf Bat Les among Federal regulators. A statement released by the new Yor office of Nicholas f. Brady a Wall Street investment banker who headed the presidential panel said the flaws in the mechanisms that govern our equity markets. Are still in place and must be addressed the statement said debate Over mar Ket Reform has conceal Nudd on who should oversee the needed changes rather than on what should be reformed on which the statement said " Here is much More self interest and turf Battles among the regulators and Cic Hanges cannot be allowed to stand in the a try of necessary Reform of a limited number of issues that Cut across marketplaces it said. The statement was released three Days after Brady met with a Reagan administration working group which is formulating specific suggestions for reforming the markets that panel headed by Treasury undersecretary George Gould and com posed of the chairmen of the Federal re serve Board securities and Exchange commission and commodity futures trading commission is to report to president Reagan later this month. According to sources familiar with the group s work. It is unlikely to go along with the Brady panel s recommendation that the Federal Reserve or a coordinating comm Kitce of regulator should get authority to coordinate Stock trading and Stock Index futures trading. Brady is backing legislation sponsored by Senate banking committee chairman William Proxmire d-wis., which would create a coordinating body chaired Fay the head of the Federal Reserve Board. The Brady panel s statement warned that it would be a mistake to abandon the development of appropriate legis lation two sources who spoke on condition of anonymity said it appeared that the working group was making Progress to Ward an agreement on coordinated Cir Cuit Breakers which would halt trading when markets Lake in extreme dive or climb. However the sources said there was less agreement on coordinating margins which set the amount of Money required to make an investment in either the futures or Stock Market. Although the mar gins work differently in each Market they currently arc lower in the futures markets. The five members of the Brady task Force said it is essential to harmonize the level of margins adding that margin setting Wai too important to leave to the exchanges. The Federal Reserve sets margins for stocks and Stock options while individual futures exchanges set their own mar gins. In the world of one Market it makes Little sense to provide investors with Dif Ferent degrees of leverage depending on whether icy enter through the Stock or derivative futures door the panel wrote. Regarding circuit breaker iric Brady commission said it was encouraged by the work of the new York Stock Exchange and the Chicago mercantile Exchange toward coordinating Market halts. However it warned that circuit Breakers should not be set at Levels that cause them to be triggered hikes in executives pay called inspiring Washington a the new head of the . Chamber of Commerce said Friday hefty pay raises for corporate executives should inspire rank and file workers to be ambitious rather than envious. William s. Kuna it the 1988-1989 chairman of the Board of directors of the . Chamber of Commerce was asked by reporters at a luncheon what he thought of the fact that management Sal Aries have been increasing at a faster me than the pay of lower ranking workers. He replied that he was reminded of a Story told by Walt frailer a former Star for the new York kicks basketball was asked what Are you doing for the Black race. He replied i in pc my Rolls Royce through Harlem every sunday and if that won t Moti vate them i Don t know what will " a nag said. Asked if it is healthy for executives figuratively speaking to flaunt their Rolls royces in front of workers he said one of the beauties of the free enter prise system we have is if a fellow wants to go Down a certain Avenue he can mate a lot of he said Frazier s Roll Royc May have driven some Fellows Back to the basketball courts up Kanaga who is chairman of the advis Ory Board of Arthur Young &. Co., an accounting firm was asked if he believes athletics Are Oie Only route out of the ghetto for Young Blacks. I m not suggesting it is the Only one no. There arc others he replied. The value of incentives he said is illustrated by the Supply of taxicabs in Beijing before and after economic re forms in China. Before the reforms taxi were nearly impossible to find at dinner time because Drivers were paid a Flat monthly salary. Now that the Drivers gel to keep a part of the fare cabs Are plentiful he said. Kanaga also said that higher managerial salary hikes when a company succeeds must be balanced against the possibility that they will be out of the Job if their com Pany s fortunes Lake a downturn. Fund prices from Page 19 Foi till 10 Al 01 us gov flu my it ski i ii los after by 10 1 us a. R 1145 ij1i Obago so 70. I lob my 14 is my. I3tb my 01 my 0.iw m k Hunt of to an my a Shiffl 4u4 my 0uvp d31 my Etta 104 to 01 or. In t Otill title Ajlill std 112 410 451 07 is is7j4 737 it 71 to i 779 9 in 1 3j r 7. 736 Raj Tro 7 j to 779. 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