TIME MAGAZINE MILESTONES, FEBRUARY 18, 1980
THIS IS A MEMORIAL WEBSITE. THE OBITUARY REPLICATED ON THIS PAGE IS FROM THE FAMILY'S MEMENTOES.

DIED: Ray Garrett, Jr., 59, chairman of the Securities and Exchange Commission from 1973 to 1975; of cancer, in Evanston, Ill. Garrett won abolition of fixed commission rates on stock transactions. This caused turmoil in the brokerage industry, but it mainly benefited large institutions; for small investors, commissions have actually risen.

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