Wall Street polices itself : how securities firms manage the legal hazards of competitive pressures
"Wall Street Policies Itself: How Securities Firms Manage the Legal Hazards of Competitive Pressures explains how the self-regulatory system for U.S. securities firms works within three tiers of supervision. Overseeing the whole system is the U.S. Securities and Exchange Commission, which directly supervises such self-regulatory organizations as the New York Stock Exchange and the National Association of Securities Dealers. In turn, these organizations oversee the broker-dealer firms that conduct the daily business of buying and selling securities." "Drawing extensively upon prior work on securities regulation in the areas of economics, law, and management, this book will greatly interest professionals in the securities industry and those in business regulation generally, and will also appeal to students of corporate strategy and culture, of legal and social issues in management, and of regulation."--Jacket
vi, 211 pages ; 24 cm
9780195111873, 0195111877
1069396323
1. Self-Regulation in Broker-Dealer Firms ; 2. The Social Benefits and Risks of Entrepreneurs and Free Agents ; 3. Government Regulation of Broker-Dealer Firms ; 4. Controls at Self-Regulatory Organizations and Broker-Dealer Firms ; 5. Private Litigation and Arbitration ; 6. Economic and Technological Changes: Coping with New Regulatory Problems ; 7. Differences Among Broker-Dealer Firms ; 8. Foundations of Effective Self-Regulation