Securities Markets
Author | : Richard J. Hillman |
Publisher | : DIANE Publishing |
Total Pages | : 52 |
Release | : 2002-09 |
ISBN-10 | : 0756726581 |
ISBN-13 | : 9780756726584 |
Rating | : 4/5 (81 Downloads) |
Download or read book Securities Markets written by Richard J. Hillman and published by DIANE Publishing. This book was released on 2002-09 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: As competition among markets has increased, so have some market participants' concerns about the inherent conflicts of interest that securities self-regulatory organizations (SRO) face in their dual roles as market operators & regulators. This report describes how the SEC, the NASD, & the NYSE have been addressing concerns about: the impact of increased competition, including demutualization, on the ability of SROs to effectively regulate members with which they compete, & possible regulator inefficiencies associated with broker-dealer membership in multiple SROs. Describes alternative approaches that some securities market participants have discusses as a means of addressing concerns about the current self-regulatory structure.