MissionThe U. S. Securities and Exchange Commission (SEC) has a three-part mission: Show
Congress Created the SECWhen the stock market crashed in October 1929, so did public confidence in the U.S. markets. Congress held hearings to identify the problems and search for solutions. Based on its findings, Congress – in the peak year of the Depression – passed the Securities Act of 1933. The following year, it passed the Securities Exchange Act of 1934, which created the SEC. The main purposes of these laws can be reduced to two common-sense notions:
More information on the SEC is available here. Abstract Using a sample of NYSE-listed equities from 1992, this study examines whether market maker performance differs across specialist firms. We find that spreads and depth differ across specialist firms, but the competitiveness of NYSE quotes relative to other exchanges does not appear to be affected by these differences. Differences are also evident in measures of transitory volatility and in the frequency and duration of order-imbalance trading halts. The results suggest that specialists have a significant effect on execution costs, liquidity, and noise in security prices and that these effects are not completely eliminated by competition or the NYSE's monitoring mechanisms. Journal Information The Journal of Finance publishes leading research across all the major fields of financial research. It is the most widely cited academic journal on finance and one of the most widely cited journals in economics as well. Each issue of the journal reaches over 8,000 academics, finance professionals, libraries, government and financial institutions around the world. Published six times a year, the journal is the official publication of the American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics. JSTOR provides a digital archive of the print version of The Journal of Finance. The electronic version of the The Journal of Finance is available at http://www.interscience.wiley.com/. Authorized users may be able to access the full text articles at this site. Publisher Information Wiley is a global provider of content and content-enabled workflow solutions in areas of scientific, technical, medical, and scholarly research; professional development; and education. Our core businesses produce scientific, technical, medical, and scholarly journals, reference works, books, database services, and advertising; professional books, subscription products, certification and training services and online applications; and education content and services including integrated online teaching and learning resources for undergraduate and graduate students and lifelong learners. Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Wiley has published the works of more than 450 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry, and Peace. Wiley has partnerships with many of the world’s leading societies and publishes over 1,500 peer-reviewed journals and 1,500+ new books annually in print and online, as well as databases, major reference works and laboratory protocols in STMS subjects. With a growing open access offering, Wiley is committed to the widest possible dissemination of and access to the content we publish and supports all sustainable models of access. Our online platform, Wiley Online Library (wileyonlinelibrary.com) is one of the world’s most extensive multidisciplinary collections of online resources, covering life, health, social and physical sciences, and humanities. Rights & Usage This item is part of a JSTOR Collection. journal article The Stock Exchange Specialist: An Economic and Legal AnalysisDuke Law Journal Vol. 1970, No. 4 (Aug., 1970) , pp. 707-746 (40 pages) Published By: Duke University School of Law https://doi.org/10.2307/1371663 https://www.jstor.org/stable/1371663 Journal Information The Duke Law Journal is published six times per year, in October, November, December, February, March, and April, at the Duke University School of Law. The journal is among the most prestigious and influential legal publications in the country. Edited by a student board, approximately one-third of each issue's contents consists of student notes dealing with current legal developments, with the remaining content being devoted to articles and comments by professors and practitioners. Generally one issue each year is devoted to administrative law and often another issue is in the form of a symposium. Publisher Information Duke Law School was established as a graduate and professional school in 1930. Its mission is to prepare students for responsible and productive lives in the legal profession. As a community of scholars, the Law School also provides leadership at the national and international levels in efforts to improve the law and legal institutions through teaching, research, and other forms of public service. Although Duke University is young by comparison to other major American universities, its academic programs and professional schools together have attained an international stature and a reputation for quality and innovation that few universities can match. Among the Law School's unique strengths are an extensive network of interdisciplinary collaboration across the Duke campus and an emphasis in teaching and research initiatives addressing global and international issues. Rights & Usage This item is part of a JSTOR Collection. Who maintains a fair and orderly market on the New York Stock Exchange trading floor?Specialists must make a market in the stock they trade by displaying their best bid and ask prices to the market during trading hours. They also are required to maintain a "fair and orderly market" in the stocks they trade.
Who is responsible for regulating the stock market?SEC establishes rules that regulate the securities market
One of the most important responsibilities of the SEC is rulemaking. The SEC promulgates new rules that interpret and implement broadly written securities legislation.
Who is charged with maintaining a fair and orderly market in a particular security?The U.S. Securities and Exchange Commission (SEC) is the government agency that deals with laws that govern how investors and businesses can trade stocks, bonds, options, futures, and other securities. The SEC has three goals: Protecting investors. Maintaining efficient markets.
Who regulates NYSE?All NYSE exchanges are registered securities exchanges, and are subject to the regulatory oversight of the SEC. All rules and rule amendments filed and approved by the SEC pursuant to Section 19(b) of the Securities and Exchange Act of 1934 and Rule 19b-4 thereafter.
|
Who has the responsibility for maintaining a fair and orderly market at the NYSE?
zusammenhängende Posts
Urheberrechte © © 2024 defrojeostern Inc.
