Hill, SEC Rift Perils Change
2	((stock market reforms pro-Û¢J/posed by the Securities and 2 -((Exchange Commission could | (start the wheels turning Jt^that would lead to some å£ Worthwhile changes in Wall</br></br>2	((stock market reforms pro-Û¢J/posed by the Securities and 2 -((Exchange Commission could | (start the wheels turning Jt^that would lead to some å£ Worthwhile changes in Wall >Street, but the fight thatÛªs ^.'developing between the ^Commission and Capitol Hill (-Û¢raises doubts about how 'many will come to pass and the form theyÛªll take.</br></br>None of the SECÛªs proposals came as a shock, except to some who thought the commission ought to lay down definite and final answers to all the questions. Overall, it points out some desirable goals and leaves a gaping hole by giving no indication of how soon we can all expect to arrive there.</br></br>The White Paper was no sooner off the press than the budding conflict with Congress burst into the pen. Son. Harrison A. Williams Jr., chairman of the securities subcommittee, said he was disappointed because the SEC didnÛªt take bigger steps toward eliminating the fixed commission rates.</br></br>Williams is about to introduce a bill that would speed up the commissionÛªs timetable, but the chances are he would kill the bill if Chairman William J. Casey commits himself to a definite schedule for phasing out most of the fixed rate system.