Securities and Exchange Commission: Opportunities Exist to Improve Oversight of Self-Regulatory Organizations

[摘要] A letter report issued by the Government Accountability Office with an abstract that begins "Self-regulatory organizations (SRO) are exchanges and associations that operate and govern the markets, and that are subject to oversight by the Securities and Exchange Commission (SEC). Among other things, SROs monitor the markets, investigate and discipline members involved in improper trading, and make referrals to SEC regarding suspicious trades by nonmembers. For industry self-regulation to function effectively, SEC must ensure that SROs are fulfilling their regulatory responsibilities. This report (1) discusses the structure of SEC's inspection program for SROs, (2) evaluates certain aspects of SEC's inspection program, and (3) describes the SRO referral process and evaluates SEC's information system for receiving SRO referrals. To address these objectives, GAO reviewed SEC inspection workpapers, analyzed SEC data on SRO referrals and related investigations, and interviewed SEC and SRO officials."

[发布日期] 2007-11-15 [发布机构] United States. Government Accountability Office.

[关键词] Government accountability -- United States.;financial markets and institutions;business regulation and consumer protection;justice and law enforcement;securities and exchange commission