Oversight of America's Stock Exchanges PDF Download

Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets
Publisher:
ISBN:
Category : Securities
Languages : en
Pages : 0

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Author: United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Oversight and Investigations
Publisher:
ISBN:
Category : Securities
Languages : en
Pages : 556

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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Securities
Languages : en
Pages : 132

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Book Description

Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations
Publisher:
ISBN:
Category : Options (Finance)
Languages : en
Pages : 872

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Author: United States. Securities and Exchange Commission. Division of Trading and Exchanges
Publisher:
ISBN:
Category :
Languages : en
Pages : 74

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Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 56

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Author: James Burk
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110868415
Category : Law
Languages : en
Pages : 220

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No detailed description available for "Values in the Marketplace".

Author: United States. Congress. Senate. Committee on Banking and Currency
Publisher:
ISBN:
Category : New York stock exchange. [from old catalog]
Languages : en
Pages : 958

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Author: United States Accounting Office
Publisher:
ISBN: 9781468003369
Category :
Languages : en
Pages : 126

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Book Description
The equity listing standards of the three largest U.S. securities markets- the American Stock Exchange (Amex), Nasdaq Stock Market, Inc. (NASDAQ), and New York Stock Exchange (NYSE)-have received heightened attention as part of public and private efforts to restore investor confidence in the markets.1 Listing standards have been the focus of attention because they govern which companies can be listed for trading on a particular market and are intended in part to maintain public confidence in the markets. In its role as a self-regulatory organization (SRO), each market establishes and enforces the standards that companies must meet to be listed for trading.2 To oversee the effectiveness of the SROs' listing programs, the Securities and Exchange Commission (SEC), through its Office of Compliance Inspections and Examinations (OCIE), periodically inspects these programs and makes recommendations intended to improve them. Your ongoing interest in learning how the three largest SROs have addressed OCIE's recommendations for improving their listing programs, particularly those related to protecting investors, has broadened as listing standards have increasingly become the focus of solutions to challenges facing the markets.3 First, in response to the market turmoil resulting from the September 2001 terrorist attacks on the United States, NASDAQ, subject to SEC's oversight, implemented a rule that imposed a moratorium on enforcing its listing standards for bid price4 and market value of publicly held shares5 and subsequently implemented two additional rules that further relaxed its bid-price standard. These actions raised questions about how NASDAQ and SEC, in their regulatory roles, balanced the goal of market stability against that of investor protection. Second, the unexpected failures of several major corporations beginning in 2001 focused congressional and regulatory attention on improving issuers and SROs' corporate governance-that is, the way boards oversee management to ensure that organizations are well-run and shareholders are treated fairly.6 As agreed with your offices, we discuss the following in this report: (1) the status of OCIE's recommendations to the three largest SROs for improving their markets' equity listing programs, focusing on a recommendation intended to ensure early and ongoing public notification of issuers' noncompliance with continued listing standards; (2) the extent to which OCIE uses SROs' internal review reports in its inspection process;7 (3) SEC's oversight of NASDAQ's moratorium and subsequent bid-price rule changes and the listing status of the issuers directly affected by these

Author: Robert Sobel
Publisher: Beard Books
ISBN: 9781893122482
Category : Business & Economics
Languages : en
Pages : 428

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Book Description
History of the American Stock Exchange, the nation's second largest organized securities complex, from its inception in 1921 to 1971.