Brokerage industry (31 - 40 of 69 items)
CFTC/SEC Enforcement Programs: Status and Potential Impact of a Merger
T-GGD-96-36: Published: Oct 25, 1995. Publicly Released: Oct 25, 1995.
Pursuant to a congressional request, GAO: (1) discussed the effectiveness of the Commodity Futures Trading Commission (CFTC) enforcement program; (2) compared the CFTC enforcement program to the Securities and Exchange Commission's (SEC) enforcement program; and (3) described the potential effects of a merger on CFTC enforcement activities. GAO noted that: (1) it is premature to judge the effectiv...
Financial Institutions and Markets Issue Area: Active Assignments
AA-95-7(4): Published: Oct 1, 1995. Publicly Released: Oct 1, 1995.
GAO provided information on its active assignments in the Financial Institutions and Markets issue area as of October 2, 1995...
Banks' Securities Activities: Oversight Differs Depending on Activity and Regulator
GGD-95-214: Published: Sep 21, 1995. Publicly Released: Sep 26, 1995.
Pursuant to a congressional request, GAO reviewed federal bank regulators' oversight of banks' securities activities, focusing on the: (1) extent to which banks provide securities brokerage services; (2) how those services are regulated; (3) results of Federal Reserve inspections of bank holding company subsidiaries authorized to underwrite and deal in securities; and (4) Federal Deposit Insurance...
Foreign Bank-Owned Securities Firms
GGD-95-174R: Published: Jun 6, 1995. Publicly Released: Jun 6, 1995.
Pursuant to a congressional request, GAO provided information on the current supervisory structure for foreign banks that own U.S broker-dealers, focusing on: (1) how the structure might change as a result of proposed legislation; and (2) whether the acquisition of a broker-dealer by a foreign entity would impede U.S. regulators' ability to supervise the acquired firm. GAO noted that: (1) foreign...
Financial Market Regulation: Benefits and Risks of Merging SEC and CFTC
T-GGD-95-153: Published: May 3, 1995. Publicly Released: May 3, 1995.
GAO discussed the proposed Markets and Trading Reorganization and Reform Act, focusing on: (1) the merger of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC); and (2) whether the potential benefits of the merger outweigh the potential risks. GAO noted that: (1) the benefits of merging SEC and CFTC include reduced regulatory uncertainty, which would e...
Financial Markets: Stronger System Controls and Oversight Needed to Prevent NASD Computer Outages
AIMD-95-22: Published: Dec 21, 1994. Publicly Released: Dec 21, 1994.
Pursuant to a congressional request, GAO reviewed recent computer outages experienced by the National Association of Securities Dealers' (NASD) automated quotation and trading systems (NASDAQ), focusing on: (1) the nature and causes of the outages; (2) the outages' impact on market participants; (3) NASD planned responses to contingencies and disasters; (4) NASD oversight of its automated systems...
Securities Markets: Actions Needed to Better Protect Investors Against Unscrupulous Brokers
T-GGD-94-190: Published: Sep 14, 1994. Publicly Released: Sep 14, 1994.
GAO discussed the Securities and Exchange Commission's (SEC) and self-regulatory organizations' (SRO) oversight of unscrupulous brokers, focusing on: (1) the extent of unscrupulous broker activity in the securities industry; (2) regulatory and industry efforts to discipline unscrupulous brokers; and (3) the industry's capability to identify unscrupulous brokers through its Central Registration Dep...
American Stock Exchange: More Changes Needed in Screening Emerging Companies for the Marketplace
GGD-94-72: Published: May 25, 1994. Publicly Released: May 31, 1994.
Pursuant to a congressional request, GAO provided information on the American Stock Exchange's (Amex) Emerging Companies Marketplace, focusing on how Amex: (1) assesses the reputation of the management and stockholders of companies seeking a Marketplace listing; and (2) ensures that Marketplace companies meet all required criteria for approval.GAO found that: (1) Amex developed the Marketplace lis...
Securities Markets: SEC Actions Needed to Address Market Fragmentation Issues
T-GGD-93-35: Published: Jun 29, 1993. Publicly Released: Jun 29, 1993.
Pursuant to a congressional request, GAO discussed securities market fragmentation and its effects upon stock prices and market efficiency. GAO noted that: (1) although the New York Stock Exchange (NYSE) remains the predominant market center for trading of NYSE-listed stocks, its dominance is being challenged; (2) between 1980 and 1992, NYSE share volume declined 6 percent, and its share of trades...
Government-Sponsored Enterprises: Changes in Securities Distribution Process and Use of Derivative Products
GGD-93-70BR: Published: Mar 16, 1993. Publicly Released: Mar 16, 1993.
Pursuant to a congressional request, GAO examined changes in the distribution of government-sponsored enterprise (GSE) debt securities and the use of GSE derivative products that are formed from GSE securities.GAO found that: (1) agreements between GSE and securities dealers have been revised to ensure accurate reporting and improve allocation procedures by clarifying responsibilities and improvin...