Securities (61 - 70 of 140 items)
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...
SEC: Exemption for the Acquisition of Securities During the Existence of An Underwriting or Selling Syndicate
OGC-97-57: Published: Aug 20, 1997. Publicly Released: Aug 20, 1997.
Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new rule on the exemption for the acquisition of securities during the existence of an underwriting or selling syndicate. GAO noted that: (1) the rule would amend rule 10f-3 and permit registered investment companies that have certain affiliated relationships with an underwriter to purchase a greater...
Banking and Commerce
OCE-97-3R: Published: Jun 10, 1997. Publicly Released: Jun 10, 1997.
Pursuant to a congressional request, GAO responded to questions concerning the issue of mixing banking and commerce.GAO noted that: (1) it found no mention of any economic efficiencies that are unique to maintaining the separation of banking and commerce; (2) however, GAO found frequent references in the literature to the likelihood that maintaining the existing separation could be beneficial beca...
Securities and Exchange Commission: Rules Implementing Amendments to the Investment Advisers Act of 1940 (Rule 203A-2)
OGC-97-46: Published: Jun 2, 1997. Publicly Released: Jun 2, 1997.
Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new rule on the implementation of amendments to the Investment Advisers Act of 1940 (Rule 203A-2). GAO noted that: (1) the final rule would exempt four types of advisers from the prohibition on SEC registration, which include: (a) certain pension consultants; (b) nationally recognized statistical rat...
Securities and Exchange Commission: Revision of Holding Period Requirements in Rules 144 and 145
OGC-97-27: Published: Mar 11, 1997. Publicly Released: Mar 11, 1997.
Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's new rule on the revision of holding period requirements in Rules 144 and 145. GAO noted that: (1) the new rule would amend the holding period requirements contained in Rule 144 to permit the resale of limited amounts of restricted securities by any person after a 1-year, rather than a 2-year, holding perio...
SEC: Anti-Manipulation Rules Concerning Securities Offerings
OGC-97-11: Published: Jan 16, 1997. Publicly Released: Jan 16, 1997.
Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new anti-manipulation rule concerning securities offerings. GAO found that: (1) the rule would govern the activities of underwriters, issuers, selling securityholders, and others in connection with securities offerings; (2) the rule is intended to preclude manipulative conduct by persons with an inte...
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...
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...
Financial Institutions and Markets Issue Area: Active Assignments
AA-96-6(1): Published: Jan 2, 1996. Publicly Released: Jan 2, 1996.
GAO provided information on its active assignments in the Financial Institutions and Markets issue area as of January 2, 1996...