Stock exchanges (21 - 30 of 60 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 Pricing: Actions Needed for Conversion to Decimals
T-GGD-98-121: Published: May 8, 1998. Publicly Released: May 8, 1998.
GAO discussed the results of its assessment of the securities industry's readiness to trade stock using decimal prices.GAO noted that: (1) in 1997, the House Subcommittee on Finance and Hazardous Materials held hearings on proposed legislation that would have directed the Securities and Exchange Commission (SEC) to require that securities be traded using dollars and cents instead of the traditiona...
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...
American Stock Exchange: More Changes Needed in Screening Emerging Companies for the Marketplace
GGD-94-72: Published: May 25, 1994. Publicly Released: May 31, 1994.
Pursuant to a congressional request, GAO provided information on the American Stock Exchange's (Amex) Emerging Companies Marketplace, focusing on how Amex: (1) assesses the reputation of the management and stockholders of companies seeking a Marketplace listing; and (2) ensures that Marketplace companies meet all required criteria for approval.GAO found that: (1) Amex developed the Marketplace lis...
Employment Discrimination: How Registered Representatives Fare In Discrimination Disputes
HEHS-94-17: Published: Mar 30, 1994. Publicly Released: Apr 1, 1994.
Pursuant to a congressional request, GAO reviewed the securities industry's use of arbitration to settle employment discrimination disputes between securities firms and their registered representatives, focusing on: (1) cases filed for arbitration at the New York Stock Exchange (NYSE) and the National Association of Securities Dealers (NASD); (2) the nature and outcomes of discrimination cases in...
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;...
Securities Markets: SEC Actions Needed to Address Market Fragmentation Issues
T-GGD-93-35: Published: Jun 29, 1993. Publicly Released: Jun 29, 1993.
Pursuant to a congressional request, GAO discussed securities market fragmentation and its effects upon stock prices and market efficiency. GAO noted that: (1) although the New York Stock Exchange (NYSE) remains the predominant market center for trading of NYSE-listed stocks, its dominance is being challenged; (2) between 1980 and 1992, NYSE share volume declined 6 percent, and its share of trades...
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...
Penny Stocks: Regulatory Actions to Reduce Potential for Fraud and Abuse
GGD-93-59: Published: Feb 3, 1993. Publicly Released: Feb 3, 1993.
GAO reviewed the National Association of Securities Dealers' (NASD) efforts to reduce fraud and abuse in the penny stock market, focusing on: (1) increased NASD market regulation; (2) NASD implementation of new information collection and dissemination systems; (3) NASD coordination of enforcement activities with other federal and state authorities; and (4) penny stock brokers' sales practices.GAO...