Brokerage industry (21 - 30 of 83 items)
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 Regulation: Oversight of SRO's Listing Procedures Could Be Improved
GGD-98-45: Published: Feb 6, 1998. Publicly Released: Feb 17, 1998.
Pursuant to a congressional request, GAO reviewed the National Association of Securities Dealers' (NASD) automated quotation (NASDAQ) SmallCap Stock Market and the events surrounding the listing of Comparator Systems Corporation stock.GAO noted that: (1) the Securities Exchange Commission (SEC) has taken actions to meet its oversight responsibilities with respect to the NASDAQ Stock Market Listing...
SEC: Limit Order Display Rule and Amendments to Quote Rule
OGC-96-43: Published: Sep 26, 1996. Publicly Released: Sep 26, 1996.
Pursuant to a legislative requirement, GAO reviewed two rules promulgated by the Securities and Exchange Commission (SEC). GAO noted that SEC: (1) believes that the Limit Order Display Rule will provide investors with improved execution opportunities and improved access to best prices when they buy or sell securities; (2) believes that amendments to the Quote Rule will ensure that all investors ar...
Futures Markets: Heightened Audit Trail Standards Not Met But Progress Continues
GGD-96-177: Published: Sep 25, 1996. Publicly Released: Sep 25, 1996.
Pursuant to a congressional request, GAO provided information on the Commodity Futures Trading Commission's (CFTC) actions to enforce Futures Trading Practices Act (FTPA) audit trail provisions.GAO found that: (1) 7 U.S. futures exchanges are in compliance with FTPA 1-minute trade timing and sequencing standards; (2) CFTC is unable to determine the status of four other exchanges until it reviews t...
NASD Telephone Hotline: Enhancements Could Help Investors Be Better Informed About Brokers' Disciplinary Records
GGD-96-171: Published: Aug 19, 1996. Publicly Released: Aug 22, 1996.
Pursuant to a congressional request, GAO reviewed the effectiveness of the National Association of Securities Dealers (NASD) hotline, focusing on: (1) investors' accessibility to the hotline; and (2) whether the information provided by the hotline meets NASD disclosure policies.GAO found that: (1) over 300,000 investors have used the NASD Regulation hotline to obtain background information and dis...
Initial Public Offerings: Guidance Needed on Disclosure of Underwriters' Disciplinary Histories
GGD-96-5: Published: Jun 6, 1996. Publicly Released: Jun 6, 1996.
GAO addressed concerns about the initial public offerings (IPO) allocation process, focusing on: (1) the factors that influence underwriters to sell IPO shares to institutional investors and individual investors; (2) disclosure requirements concerning the history of disciplinary actions taken against an underwriter; and (3) Securities and Exchange Commission (SEC) rules governing the IPO market.GA...
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...