Futures (11 - 20 of 39 items)
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...
The Commodity Exchange Act: Issues Related to the Commodity Futures Trading Commission's Reauthorization
GGD-99-74: Published: May 5, 1999. Publicly Released: May 5, 1999.
Pursuant to a congressional request, GAO provided information on issues related to the Commodity Futures Trading Commission's (CFTC) reauthorization, focusing on issues related to derivatives that are traded on-exchange as well as those that are privately negotiated off-exchange, or over-the-counter (OTC).GAO noted that: (1) agreement exists on the basic objectives of financial market regulation--...
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...
CFTC Enforcement: Actions Taken to Strengthen the Division of Enforcement
GGD-98-193: Published: Aug 28, 1998. Publicly Released: Aug 28, 1998.
Pursuant to a congressional request, GAO reviewed: (1) the changes made to the Commodity Futures Trading Commission's (CFTC) Division of Enforcement, including the views of enforcement staff on areas in which changes were made; (2) further opportunities for improvement, if any, in these areas; and (3) other available information that might indicate CFTC's commitment to its enforcement program.GAO...
OTC Derivatives: Additional Oversight Could Reduce Costly Sales Practice Disputes
GGD-98-5: Published: Oct 2, 1997. Publicly Released: Oct 9, 1997.
Pursuant to a congressional request, GAO reviewed the sales practices for over-the-counter (OTC) derivatives, mortgage-backed securities (MBS), and structured notes, focusing on the: (1) federal sales practice requirements applicable to these products and the dealers marketing them; (2) extent of end-user satisfaction with sales practice, product use, and related disputes and the costs of these di...
The Commodity Exchange Act: Legal and Regulatory Issues Remain
GGD-97-50: Published: Apr 7, 1997. Publicly Released: Apr 7, 1997.
GAO reviewed the legal and regulatory issues surrounding the Commodity Exchange Act (CEA), focusing on: (1) the extent to which the Commodities Futures Trading Commission (CFTC) has reduced the legal risk surrounding the enforceability of over-the-counter (OTC) derivatives under the CEA; and (2) issues related to the appropriate regulation for exchange-traded futures and OTC derivatives contracts,...
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 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...
Futures Markets: A Futures Transaction Fee Is Administratively Feasible
GGD-94-40: Published: Oct 28, 1993. Publicly Released: Oct 28, 1993.
Pursuant to a legislative requirement, GAO reviewed the feasibility of implementing a futures transaction fee to fund additional Commodity Futures Trading Commission (CFTC) enforcement and market surveillance activities, focusing on whether the fee will provide CFTC with additional resources to oversee the futures markets.GAO found that: (1) a futures transaction fee is administratively feasible;...
Futures Markets: Preliminary Information Related to a Futures Transaction Fee
GGD-93-108: Published: May 17, 1993. Publicly Released: May 17, 1993.
GAO provided information on futures transaction fees, focusing on fees charged by: (1) federal regulators of financial markets and institutions; (2) futures and securities exchanges; and (3) foreign countries that make up the majority of global futures trading volume.GAO found that: (1) while the Securities and Exchange Commission had collected fees totalling more than 130 percent of its appropria...