Stock exchanges (11 - 20 of 46 items)
Securities Arbitration: Actions Needed to Address Problem of Unpaid Awards
GGD-00-115: Published: Jun 15, 2000. Publicly Released: Jun 26, 2000.
Pursuant to a congressional request, GAO provided information on issues relating to the arbitration process in the securities industry, focusing on: (1) whether arbitration forums had implemented recommendations made in GAO's 1992 report and whether the changes were effective; (2) how investors fared in award decisions; and (3) the extent to which investors were paid the amounts awarded by arbitra...
Securities Pricing: Progress and Challenges in Converting to Decimals
T-GGD-00-96: Published: Mar 1, 2000. Publicly Released: Mar 1, 2000.
Pursuant to a congressional request, GAO discussed its recent reports on the securities industry's progress toward implementing decimal trading, focusing on the: (1) progress made to date toward converting to decimals; and (2) challenges that remain.GAO noted that: (1) although securities market participants have made progress in preparing for decimal trading, some key challenges remain for the in...
Securities Operations: Day Trading Requires Continued Oversight
GGD-00-61: Published: Feb 24, 2000. Publicly Released: Feb 24, 2000.
Pursuant to a congressional request, GAO reviewed day trading, focusing on: (1) the nature and extent of day trading; (2) regulatory actions taken to address the day trading risks; and (3) the actions day trading firms have taken to address regulatory concerns.GAO noted that: (1) day trading among less experienced investors is an evolving segment of the securities industry; (2) day traders, who re...
Financial Regulatory Coordination: The Role and Functioning of the President's Working Group
GGD-00-46: Published: Jan 21, 2000. Publicly Released: Feb 24, 2000.
Pursuant to a congressional request, GAO provided information on the role and functioning of the President's Working Group on Financial Markets, focusing on: (1) whether the issues listed for consideration by the Working Group in Executive Order 12631 have been considered; (2) what additional issues have been considered by the Working Group and how they were identified; and (3) the nature of coord...
Securities and Exchange Commission: Adoption of Amendments to the Intermarket Trading System Plan to Expand the ITS/Computer Assisted Execution System Linkage to All Listed Securities
OGC-00-15: Published: Dec 22, 1999. Publicly Released: Dec 22, 1999.
Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission (SEC) new rule on amending the Intermarket Trading System Plan. GAO noted that: (1) the final rule amends the plan governing the operation of the Intermarket Trading System; and (2) SEC complied with the applicable requirements in promulgating the rule...
Securities Regulation: Actions Taken to Improve Nasdaq Listing Procedures
GGD-99-53: Published: Apr 26, 1999. Publicly Released: Apr 29, 1999.
Pursuant to a congressional request, GAO reviewed whether the Securities and Exchange Commission (SEC) and Nasdaq Stock Market, Inc. have implemented the recommendations from a previous GAO report, focusing on the status of Nasdaq's: (1) response to recommendations SEC made as part of its oversight of Nasdaq's Listing Qualifications Department (NLQ); and (2) new automated Risk Scoring Compliance S...
Securities and Exchange Commission: Regulation of Exchanges and Alternative Trading Systems
OGC-99-28: Published: Jan 6, 1999. Publicly Released: Jan 6, 1999.
Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new rule on the regulation of exchanges and alternative trading systems (ATS). GAO noted that: (1) the rule would allow ATS to choose whether to register as national securities exchanges, or to register as broker-dealers, depending on their activities and trading volume; (2) in addition, Regulation A...
Money Penalties: Securities and Futures Regulators Collect Many Fines But Need to Better Use Industrywide Data
GGD-99-8: Published: Nov 2, 1998. Publicly Released: Nov 2, 1998.
GAO reviewed the fine imposition and collection activities by the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and securities and futures self-regulatory organizations (SRO), focusing on the: (1) extent to which SEC, CFTC, and SROs collected fines; (2) guidance they used to determine fine amounts; and (3) how SEC and CFTC assess the appropriateness of...
Securities Market Operations: The Effects of SOES on the Nasdaq Market
GGD-98-194: Published: Aug 31, 1998. Publicly Released: Aug 31, 1998.
Pursuant to a congressional request, GAO provided information on the Small Order Execution System (SOES) and its effects on the Nasdaq Stock Market, focusing on the: (1) extent to which SOES is being used for its intended purpose; (2) effects of SOES on the marketplace; (3) results of attempts to limit trading on SOES or replace SOES; and (4) effects of recent market developments and proposals aff...
Securities Pricing: Actions Needed for Conversion to Decimals
T-GGD-98-121: Published: May 8, 1998. Publicly Released: May 8, 1998.
GAO discussed the results of its assessment of the securities industry's readiness to trade stock using decimal prices.GAO noted that: (1) in 1997, the House Subcommittee on Finance and Hazardous Materials held hearings on proposed legislation that would have directed the Securities and Exchange Commission (SEC) to require that securities be traded using dollars and cents instead of the traditiona...