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Economic ministry proposes forming high-street brokerages

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MOSCOW, November 16 (RIA Novosti) - The Economic Development and Trade Ministry proposed in a raft of anti-inflation measures, submitted to the government Wednesday, setting up high-street brokerages for the sale of state and corporate securities to private individuals.

"It would help the development of the financial markets' retail infrastructure to issue state securities for private individuals, and to consider boosting the formation of high-street brokerages," the document said.

The ministry said it would help to increase private investment into financial structures.

The ministry also proposes privatizing stakes of large state companies by distributing stocks among a broad range of investors.

Another proposal is to develop and implement a program that would help to raise the awareness of private individuals of the possibilities of investing into various financial structures.

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