European Stars And Stripes (Newspaper) - May 9, 1988, Darmstadt, Hesse                                The stars and stripes monday May 9.1988page 20 i presidential task Force issues Stock Market Reform warning Washington api the  task Force appointed last fall to study the october Slock Market crash says Progress Lowar reforming the Markel should not be sidetracked by turf Battles Amon Federal regulators. A statement released by Llie new York office of Nicholas f. Brady Awall 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 and  the statement said Debaie Over Market Reform has concentrated on who should oversee the needed changes rather than on what should be reformed on which the statement said there is much More agree mint self interest and Lurf Baili Samong the regulators and exchanges cannot be allowed 10 Standin the Way of necessary Reform of a limited number of issues that Cul across marketplaces it said. The statement was release three a s after Brady me Wilh a Reagan administration working group which is formulating specific suggestions for reforming the markets. That panel headed by Treasury temperatures 71 y i a 49 m 41rr � in is undersecretary George Gould an composed of the chairmen of the Federal Reserve Board securities and Exchange commission and commodity futures trading com Mission it due to report to presi Dent Reagan later this month. According to sources familiar with the group s work it is unlikely to go along with the Brady panel recommendation that the Federal Reserve or a coordinating commit tee of regulators should gel authority to coordinate Hock trading an Stock Index futures trading. Brady is backing legislation sponsored by Senate banking com Mittee chairman William pros mire d-wis., which would create a european weather Tot 4j"?