Securities and Exchange Commission: Risk Management Controls for Brokers or Dealers With Market Access
GAO-11-221R: Nov 23, 2010
- Full Report:
GAO reviewed the Securities and Exchange Commission's (Commission) new rule on risk management controls for brokers or dealers with market access. GAO found that (1) the final rule will require brokers or dealers trading securities directly on an exchange or on an alternative trading system (ATS) to establish, document, and maintain a system of risk management controls and supervisory procedures; and (2) the Commission complied with the applicable requirements.