I'd love to see a four-page bill that bans proprietary trading and makes the board and chief executive responsible for compliance.

A bill to tax profits on land sales and to ban trading under false names was put before the National Assembly in November 1989.

House members have concentrated their efforts on such reforms as banning dual trading and developing computer systems to keep track of trades better.

Merkley championed an amendment known as "Merkley-Levin" or the "Volcker rule" which banned high-risk trading inside commercial banking and lending institutions.

The alcoholic drinks market in Iran consist of non-alcoholic beer, as the law bans the consumption, manufacturing and trading of alcohol for Muslim citizens.

As expected, the Board of Trade said its directors had unanimously voted not to ban dual trading.

It will also consider in December its pending proposal to ban trading by brokers ahead of orders by customers.

The most logical response might be to ban personal trading altogether.

The C.F.T.C. considered banning dual trading more than a decade ago, but was persuaded not to because of concerns about liquidity.

The report found no reason to recommend banning personal trading, as long as proper restrictions were in place and compliance procedures were followed.