Securities regulation (71 - 79 of 79 items)
The Treasury Securities Market and Primary Dealer System
131128: Sep 29, 1986
GAO testified on its study of the government securities market's strengths and weaknesses, specifically: (1) the relevance of the standards used to designate primary dealers; and (2) the uses which certain market participants make of the primary dealer designation. GAO found that: (1) the Federal Reserve System should review the standard requiring participation in auctions to determine whether the...
U.S. Government Securities: Dealer Views on Market Operations and Federal Reserve Oversight
GGD-86-147FS: Published: Sep 29, 1986. Publicly Released: Sep 29, 1986.
In response to a congressional request, GAO reviewed the Federal Reserve System's oversight of the U.S. government securities market, specifically: (1) the impact of recent dealer failures and other market disturbances; (2) the effectiveness of the Federal Reserve Bank of New York's (FRBNY) market oversight; (3) whether there is a need for new federal regulation of the U.S. government securities m...
Securities Regulation: SEC Enforcement Efforts in 1978 and 1985
GGD-86-97FS: Published: Jul 16, 1986. Publicly Released: Aug 20, 1986.
GAO gathered information on: (1) the Securities and Exchange Commission's (SEC) enforcement actions for two 6-month periods in 1978 and 1985; and (2) completed U.S. Attorney and state actions based on SEC enforcement efforts.GAO noted that comparisons between the data for both time periods should be made with caution. GAO found that: (1) the data did not reflect the complexities of the enforcement...
Securities and Exchange Commission's Oversight of Securities Industry Self-Regulatory Organizations
129236: Mar 5, 1986
Testimony was given concerning the Securities and Exchange Commission's (SEC) oversight of self-regulatory organizations (SRO). GAO noted that SEC: (1) oversees the quality of SRO regulation by directly examining broker-dealers for compliance with various laws and regulations, inspecting SRO, and reviewing proposed changes to SRO regulations; and (2) is supposed to identify whether violations exis...
Regulation of the U.S. Government Securities Market
127376: Jul 9, 1985
Testimony was given concerning regulation of the U.S. Government securities market. GAO discussed: (1) issues concerning market instability and fraud; (2) the Treasury's unique role in debt management and monetary policy that already exist in the regulatory structure of the market; and (3) the present system of primary dealers and other aspects of market operations. GAO noted that, despite the reg...
Survey of the Federal Reserve System's Supervision of the Treasury Securities Market
127523: May 1, 1985
Pursuant to a congressional request, GAO assessed the Department of the Treasury's and the Federal Reserve System's management of the federal debt. The survey provided a comprehensive background of: (1) the Treasury securities market through the growth and composition of the federal debt, including securities regulation, market environment, and how the debt is sold; and (2) current issues in the g...
SEC's Efforts To Find Lost and Stolen Securities
GGD-84-42: Published: May 18, 1984. Publicly Released: May 18, 1984.
The Securities and Exchange Commission (SEC) maintains a program to find securities, such as stocks and bonds, that financial institutions and their customers report as lost or missing. GAO reviewed the SEC program to determine its effectiveness in finding such securities.SEC requires financial institutions to register under the program. Registration entitles institutions to report lost or stolen...
Changes in the Financial Services Industry and Their Impact on Federal Regulation
121656: Jun 16, 1983
GAO discussed how the financial services industry is changing and what the government's role with respect to those changes should be. The changes occurring are the latest events in the historical development of the financial services industry. Congress designed the legislation of the 1930's for a financial system which, in one important respect, differs from today's system. The basic deposit insur...
Improvements Needed in the Securities and Exchange Commission's Efforts To Establish a National Securities Market
FGMSD-79-59: Published: Sep 19, 1979. Publicly Released: Sep 19, 1979.
In 1975, Congress gave the Securities and Exchange Commission (SEC) responsibility for overseeing the development of a national market for trading securities. Such a market would ensure that all buyers and sellers of securities, regardless of geographic location, would have the opportunity to get the best prices when trading securities. Although GAO did not have time to formulate a reliable estima...