Information disclosure (31 - 36 of 36 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 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...
U.S. Government Securities: Expanding Access to Interdealer Brokers' Services
GGD-87-42: Published: Feb 4, 1987. Publicly Released: Feb 4, 1987.
In compliance with the Government Securities Act of 1986, GAO held a joint public hearing with the Department of the Treasury, the Federal Reserve System, and the Securities and Exchange Commission concerning U.S. government securities.Various market participants provided their views on: (1) trading access, which involved the reasonableness and consequences of interdealer screen brokers limiting t...
Opportunities for Improving the Quality and Efficiency of the Securities and Exchange Commission's Process for Reviewing Reports
FGMSD-80-81: Published: Sep 2, 1980. Publicly Released: Sep 2, 1980.
A review was undertaken of the administrative procedures used by the Securities and Exchange Commission (SEC) in examining company reports to determine whether they comply with Federal legislation requiring them to send periodic financial disclosure reports to SEC.While the number of statements and reports filed with SEC has increased dramatically over the last 10 years, the number of people revie...
Action Needed To Better Protect Investors From Fraud in Purchasing Privately Placed Securities
FGMSD-80-56: Published: May 14, 1980. Publicly Released: May 14, 1980.
Under the Securities Act of 1933, a securities issue must be registered with the Securities and Exchange Commission (SEC) unless the issue is exempt from registration. Section 4(2) of the Act, the private placement exemption for issues sold to investors in private transactions, states that registration requirements shall not apply to "transactions by an issuer not involving any public offering." I...
Preliminary Information on Misuse of the Private Placement Exemption--Section 4(2) of the Securities Act of 1933
FGMSD-80-55: Published: Apr 28, 1980. Publicly Released: May 1, 1980.
Information was requested on the results of a GAO review currently in progress of the use of an exemption under the Securities Act of 1933. Under the Act, a securities issue must be registered with the Securities Exchange Commission (SEC) unless the issue is exempt from registration. The private placement exemption, for issues sold to investors in private transactions, states that registration req...