Report of the Special Study of the Options Markets to the Securities and Exchange CommissionU.S. Government Printing Office, 1979 - 1084 páginas |
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Términos y frases comunes
addition American Stock Exchange AMEX arbitrage basis broker-dealer brokerage firm brokers buyer buying call options capital rule CBOE clearing firm Commission's compliance conduct customer accounts customer complaints customer's effect equity examination executed exercise price expiration firm proprietary firm's floor hedge in-the-money investigations investment investors listed options trading margin market maker accounts market surveillance member firms NASD NYSE OCC member option contract options accounts options class Options Clearing Corporation options customers options exchanges options market options positions options strategies Options Study believes Options Study recommends options transactions percent PHLX potential premium profit programs public customers purchase put option registered representative regulatory reports requirements risk sales practice self-regulatory organizations selling specialists SRO's stock and options Stock Exchange stock position stock price stock trading strategies surveillance information trading activity transaction costs underlying security underlying stock upstairs firms violations Yes Yes Yes York Stock Exchange
Pasajes populares
Página 972 - It is in the public interest and appropriate for the protection of investors and the maintenance of fair and orderly markets...
Página 977 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Página 751 - No broker or dealer shall make use of the mails or of any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any security (other than an exempted security or commercial paper, bankers...
Página 442 - manipulative, deceptive, or other fraudulent device or contrivance", as used in section 15 (c) (1) of the act, is hereby defined to include any act of any broker or dealer designed to effect with or for any customer's account in respect to which such broker or dealer or his agent or employee is vested with any discretionary power any...
Página 38 - ... (2) To effect, alone or with one or more other persons, a series of transactions in any security registered on a national securities exchange creating actual or apparent active trading in such security or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.
Página 44 - Every nonmember broker or dealer and every associated person who recommends to a customer the purchase, sale or exchange of any security shall have reasonable grounds to believe that the recommendation is not unsuitable for such customer on the basis of Information furnished by such customer after reasonable inquiry concerning the customer's Investment objectives, financial situation and needs, and any other information known by such broker or dealer or associated person.
Página 333 - In recommending to a customer the purchase, sale or exchange of any security, a member shall have reasonable grounds for believing that the recommendation is suitable for such customer upon the basis of the facts, if any, disclosed by such customer as to his other security holdings and as to his financial situation and needs.
Página 972 - ... the availability to brokers, dealers, and investors of information with respect to quotations for and transactions in securities; (iv) the practicability of brokers executing investors...
Página 986 - ... to facilitate the establishment of a national market system for securities (which may include subsystems for particular types of securities with unique trading characteristics) in accordance with the findings and to carry out the objectives set forth in paragraph (1) of this subsection. The Commission, by rule, shall designate the securities or classes of securities qualified for trading in the national market system from among securities other than exempted securities.
Página 173 - Commission (SEC), promulgated thereunder, makes it unlawful for any person to "employ any device, scheme, or artifice to defraud," or to "engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.