Brokerage industry (41 - 50 of 83 items)
Securities Investor Protection: The Regulatory Framework Has Minimized SIPC's Losses
GGD-92-109: Published: Sep 28, 1992. Publicly Released: Sep 28, 1992.
Pursuant to a congressional request, GAO reviewed the operations and solvency of the Securities Investor Protection Corporation (SIPC), focusing on: (1) the exposure and adequacy of the SIPC fund; (2) supplemental funding mechanisms; (3) SIPC liquidation oversight efforts; (4) the disclosure of SIPC protections to customers; and (5) whether SIPC needs the authority to examine the books and records...
Securities and Futures Markets: Cross-Border Information Sharing Is Improving, but Obstacles Remain
GGD-92-110: Published: Jul 28, 1992. Publicly Released: Jul 28, 1992.
Pursuant to a congressional request, GAO provided information on U.S. oversight of international market activity, focusing on: (1) the types of information various nations' securities and futures regulators need in order to share and meet market oversight responsibilities; (2) the extent to which information is currently shared; (3) the types and effectiveness of arrangements used for sharing info...
Securities Firms: Assessing the Need to Regulate Additional Financial Activities
GGD-92-70: Published: Apr 21, 1992. Publicly Released: Apr 21, 1992.
GAO reviewed: (1) the organization and regulatory structure of large U.S. securities firms; (2) whether regulatory gaps exist that might affect U.S. investors and the financial system; and (3) the regulation of those firms compared to different regulatory approaches for bank holding companies and foreign securities firms.GAO found that: (1) during the 1980s, the U.S. securities business became con...
Securities Markets: Challenges to Harmonizing International Capital Standards Remain
GGD-92-41: Published: Mar 10, 1992. Publicly Released: Mar 10, 1992.
GAO reported on international efforts to harmonize capital standards for securities firms and for banks' securities activities, focusing on the implications of those harmonization efforts for U.S. capital standards.GAO found that: (1) securities market regulators in such major markets as Japan, the United States, and the United Kingdom generally support efforts to harmonize capital standards; (2)...
Stock Markets: Information Vendors Need SEC Oversight to Control Automation Risks
IMTEC-92-16: Published: Jan 29, 1992. Publicly Released: Jan 29, 1992.
GAO reviewed the: (1) adequacy of controls in place to protect against automation risks at seven information dissemination vendors that transmit stock data to investors; and (2) Securities and Exchange Commission's (SEC) involvement in assessing such operations.GAO found that: (1) all seven information dissemination vendors' computer facilities were unnecessarily vulnerable to automation risks; (2...
A Nonbanker's Perspective on Banking Reform
147032: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses principles that policymakers should keep in mind as they consider banking regulation reforms, focusing on: (1) increasing protection of taxpayers and depositors by reducing risks; (2) the changing dynamics of the global economy and the development of markets to offer needed services; and (3) equitable treatment,...
Modernize Banking...But With Care
147030: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the Glass-Steagall Act's separation of the banking sector from the securities industry; (2) proposed reforms that would grant banks new powers to participate in the securities field; and (3) other suggestions for bank reform that would improve economic efficiency and ensure safety and soundness...
Securities Regulation: Customer Protection Rule Oversight Procedures Appear Adequate
GGD-92-17: Published: Nov 21, 1991. Publicly Released: Nov 21, 1991.
Pursuant to a congressional request, GAO reviewed the Securities Exchange Commission's (SEC) oversight and enforcement of the SEC customer protection rule, focusing on: (1) how SEC determines whether broker-dealers are complying with the rule's possession or control requirement; (2) whether SEC has written procedures or methodologies for testing for rule compliance; and (3) the procedures SEC uses...
Securities and Futures Markets: Efforts to Detect Intermarket Frontrunning
GGD-91-135: Published: Sep 26, 1991. Publicly Released: Oct 28, 1991.
Pursuant to a congressional request, GAO reviewed regulatory efforts to detect intermarket frontrunning, which occurs when market participants improperly trade stocks, stock options, stock index options, or stock index futures on the basis of nonpublic market information about imminent and material transactions in those instruments.GAO found that: (1) although some market participants state that i...
Securities Markets: Clearly Defined 'Chinese Wall' Standards Have Been Issued
GGD-91-115: Published: Aug 21, 1991. Publicly Released: Sep 20, 1991.
Pursuant to a congressional request, GAO reviewed Securities and Exchange Commission (SEC) oversight of broker-dealer Chinese Walls, which are the policies and procedures for deterring and detecting the abuse of material, nonpublic information (MNPI) through insider trading.GAO found that: (1) clearly defined standards have been developed, which consider the nature of a broker-dealer's business an...