Faced with delaying tactics

UNDER the Central Registration Scheme, most investors nowadays are compelled to have their shares registered in the names of brokerage houses and dividends paid to them, but which are just credited to the client's monthly statements.

If clients wish to withdraw any cash balance, either from sales of shares or dividends, often they are confronted with delaying tactics.

The Securities Exchange Commission should make it mandatory that brokerage houses pay interest on any credit balances.

Borrowing power should be allowed.

Naturally interest can be charged on debit balances. Arrangements should be made for investor clients to receive annual reports and printed issues.

P.M. TAK Mid-Levels