Brokerage industry (51 - 60 of 69 items)
Securities Industry: Strengthening Sales Practice Oversight
GGD-91-52: Published: Apr 25, 1991. Publicly Released: Apr 25, 1991.
GAO reviewed the Securities and Exchange Commission's (SEC) oversight of four self-regulatory organizations' (SRO) monitoring and enforcement of sales practice compliance among securities industry firms.GAO found that: (1) the only SEC timetable for completely inspecting SRO sales practices applied only to the district offices of one SRO; (2) SEC needed to improve its SRO inspection coverage, eval...
Financial Markets: Active Oversight of Market Automation by SEC and CFTC Needed
IMTEC-91-21: Published: Apr 2, 1991. Publicly Released: Apr 2, 1991.
GAO assessed the Securities and Exchange Commission's (SEC) and the Commodity Futures Trading Commission's (CFTC) oversight of automated futures and securities trading and post-trading systems.GAO found that: (1) in response to several GAO reports and recommendations regarding various security and internal control weaknesses, SEC and CFTC took preliminary steps to oversee the development and opera...
U.S. Government Securities: More Transaction Information and Investor Protection Measures Are Needed
GGD-90-114: Published: Sep 14, 1990. Publicly Released: Sep 14, 1990.
Pursuant to a legislative requirement, GAO evaluated the implementation and effectiveness of the Government Securities Act of 1986.GAO found that: (1) the Securities and Exchange Commission (SEC) found that the National Association of Securities Dealers (NASD) was ensuring that specialist firms complied with Treasury requirements and regulations; (2) gaps in investor protection could result in inv...
Securities Trading: SEC Action Needed to Address National Market System Issues
GGD-90-52: Published: Mar 12, 1990. Publicly Released: Mar 12, 1990.
GAO reviewed the Securities and Exchange Commission's (SEC) actions to establish a national market system for U.S. market securities, focusing on: (1) exchange-imposed trading restrictions; (2) the Intermarket Trading System (ITS); and (3) a multiple stock-options listing.GAO found that: (1) SEC has not determined whether trading restrictions that limit exchanges to the exchange floor restrict com...
[Internationalization: A Regulatory Perspective]
137283: Nov 3, 1988
GAO discussed the internationalization of the world stock markets. GAO noted that: (1) the advantages included risk diversification, a wider variety of markets and products to hedge against exchange and interest-rate risks, higher profit opportunities from increased commissions, and cheaper funds from additional suppliers and differing regulatory requirements; (2) the risks included worldwide pani...
Transition Series: Financial Services Industry Issues
OCG-89-4TR: Published: Nov 1, 1988. Publicly Released: Nov 1, 1988.
GAO summarized information on issues the federal government should consider relating to the financial services industry, including the: (1) handling of troubled financial institutions; (2) regulation of mergers between banking and nonbanking institutions; (3) regulation of linked securities and futures markets; and (4) regulation of global capital markets.GAO noted that: (1) almost a third of the...
[Stability of Financial Markets: Federal Reserve Responsibility?]
135777: May 11, 1988
GAO discussed the Federal Reserve System's responsibilities for financial market stability in a changing economic environment. GAO found that: (1) the Federal Reserve shared the responsibility for financial stability with the commercial banking system through deposit insurance; (2) commercial banks were responsible for redeeming the insured deposits they issued on demand at 100 cents on the dollar...
Securities Regulation: Hostile Corporate Takeovers: Synopses of Thirty-Two Attempts
GGD-88-48FS: Published: Mar 4, 1988. Publicly Released: Apr 13, 1988.
Pursuant to a congressional request, GAO provided information on 32 hostile corporate takeover attempts initiated in 1985, focusing on the: (1) terms, conditions, and stated purposes of the tender offers; (2) amount of target company stock held by bidders and target company management; (3) bidding companies' financing sources and terms; (4) bidding and target companies' financial advisers and thei...
[What Government Can Do To Protect the Public Interest in a Changing Financial Market Place]
135778: Mar 24, 1988
GAO discussed what the federal government could do to protect the public interest in a changing financial market. GAO noted that the federal government's policy goals were to: (1) ensure financial soundness of institutions such as the banking systems, securities firms, stock exchanges, and clearing corporations; (2) maintain market liquidity throughout the commodities trading system; and (3) prote...
Preliminary Observations on the Market Crash of October 1987
T-OCG-88-1: Published: Jan 26, 1988. Publicly Released: Jan 26, 1988.
GAO discussed the October 1987 market crash, focusing on ways in which to: (1) protect the rest of the economy; (2) ensure that markets can function; and (3) ensure that individual investors receive fair treatment. GAO noted that the Federal Reserve System: (1) effectively met its responsibility during the market crash as money supply manager, last-resort lender, and overseer of the nation's finan...