SEC Asked to Issue Guidelines

NEW YORK — The Anti- ment affirmative action pro-
Defamation League of Bnai grams to eliminate employ-
Brith has urged the Securi- ment discrimination.
ties and Exchange Commis-
Warning, however, that
sion to issue guidelines re-
misinterpretation and distor-
quiring that member firms
and national securities ex- tion of such programs can
changes prepare and imple- lead to "illegal preferential
treatment," the ADL - sub-
mitted four recommendations
to the SEC for inclusion in
any guidelines it adopts.

You Are
Cordially
Invited
To View
Our
International
Collection
Of Men's
Apparel
And Gifts

Calling for Affirmative Action

istered broker-dealers to take past discrimination can be
affirmative action to elim- eliminated only through the
inate discrimination in em- vigorous application of af-
ployment and to file annual firmative action programs,"
reports thereon . "
but pointed out that an in-
In a letter to Hunt, the creasing number of proposals
ADL declared that "inten- "which constitute, in our
sive corrective action is long opinion, a misunderstanding
overdue in the security busi- of the affirmative action
ness as well as in other ele- concept" have been brought
ments of the financial com- to ADL attention.

Lawrence Peirez, chair- munity nationally."
The letter, Peirez said,
man of ADL's national civil
rights committee, said the gave ADL's full agreement
ADL's action was in re- "that the present effects of
sponse to a request from
SEC Secretary Ronald F.
Hunt, who asked whether the
federal agency should draft
rules requiring "national
securities exchanges, na-
76001 COOLIDOP Hwy
tional securities associations
543 334.!
OAK VAIN
and their members and reg-

Friday, Fab. 23, 1973-3

THE DETROIT JEWISH NEWS

1 111 1+11 1 1i 4S 111 3 . 11' I

OFFICIAL AGENCY
AUTHORIZED SALES AND REPAIRS

18 KARAT GOLD

Six hundred
and seventy dollars

See our collection
of Ladles & Men s
Audemars Moue( Watches

Daily—Hospital—Sympathy

FRUIT BASKETS

Rodnick Bros.

CERTIFIED MASTER
WATCHMAKER & JEWELER
OM Of
Nerwril Raw Sheppons
Labs., & 11 Mile

21032 Crashed' M 97

1111L N a Mae
Warren

Phone 353-3146

PR 2-4350

World Iiihde Delfvere

Save the American Way
NOW
EARN

Charge Accounts Invited

Store Hours:

Northland — Parking Lot D
Mon., Thurs. & Fri. 9.309
Tues., Wed_ IS Sat. 9:30-6
Phone 353-0040

Downtown — Washington
Blvd. or Grand River
Mon.-Sat. 9:00 a.m. to 6 p.m
Phone 961-9292

LOT 4
EASTLAND

LOT G
NORTHLAND

HOURS FOR THIS SALE

(

SUNDAY 11 TO 5:30

1 /2

off

of
1/2 off

Sale!

on day in, day out passbook savings

Think of it, special groups of
Fashion items practically given
away — Coats, Suits, Dr
Gowns, Raincoats, Pont Suits,
Slacks, Sweaters, Blouses,
Skirts — all priced at Si off
of V2 off.

Highest rate on regular savings in Michigan
5% annually, compounded quarterly, with interest figured
from date of deposit to date of withdrawal.

A American Savings

THIS IS NOW THE SALE WORKS:

$100 Items will be sold for $25
SAO Items will be sold for SIS

Accounts insured to $20,000 by Federal Savings & Loan Insurance Corporation

$40 Items will be sold for SIO

$20 Items will be sold for SS
Sa Items will be sold for 52
S4 Items will be sold for S1

Charge

It: Sure/la's
• Master Charge
• Bank Americard

Main Office: 24700 Northwestern Highway. Southfield 48075

DOWNTOWN DETROIT
600 Woodward Ave at Congress
SOUTHWEST DETROIT
7719 W Vernor Hwy near Central
NORTHEAST DETROIT
20060 Pan Dyke near Outer Drive

NORTHWEST DETROIT
19100 Lsvernois at W 7 Mlle Rd
22401 W 8 Mile Road near Lesser
14114 Telegraph Rd al Sphoolcratt
EAST DETROIT
19080E 10 Mile Rd near Kelly Rd

CLAWSON
1305 W 14 Mile Rd ne, Crooks
OAK PARK •
13700 W 9 Mile Rd new Coolidge
WEST BLOOMFIELD
4140 W Maple Rd near Telegraph

NORTH FARMINGTON
3 , 555 13 sa,:e Rd near Orchard Lake Rd.

SOUTHFIELD
25177 Greenfield Rd neor IS Mile Rd

20400 W 12 M ■ le Rd

