Securities Acts Amendments of 1975

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Securities Acts Amendments of 1975

Legislation to encourage the establishment of a national market system together with a system for nationwide clearing and settlement of securities transactions.

Securities Acts Amendments of 1975

Legislation in the United States that attempted to integrate American markets by encouraging the creation of nationwide settlement and clearing system, as well as a national market.
References in periodicals archive ?
They analyzed the effects of the Securities Acts Amendments of 1964, which extended the registration and disclosure regime to stocks traded "over the counter," and found positive abnormal returns of $3-$6 billion.
As an SEC member (1973-76), Sommer led support for abolishing fixed brokerage commission rates--a revolutionary proposal implemented by the Securities Acts Amendments of 1975.
To understand whether shareholders value government regulation in financial markets, we recently completed an analysis of the effects of the 1964 Securities Acts Amendments.
Their article, "Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments," is published in Quarterly Journal of Economics, May 2006.
This article presents new evidence on the impacts of mandatory disclosure laws by analyzing the effect of the 1964 Securities Acts Amendments on stock returns and operating performance of firms newly affected by this legislation.
The 1964 Securities Acts Amendments required that any OTC firm with at least 750 shareholders and $1 million of assets as of the last day of its first fiscal year to end after July 1, 1964 (or any year after that) must register with the SEC within 120 days of the end of the fiscal year and begin to comply with the other three types of disclosure.
The structure and timing of the 1964 Securities Acts Amendments provide a compelling setting to evaluate the impacts of mandatory disclosure laws on stock returns.
The 1964 Securities Acts Amendments extended several disclosure requirements to large firms traded over-the-counter that had applied to listed firms since 1934.
TABLE 1 Assignment of OTC Firms into Four Groups Divisions created by the 1964 Securities Acts Amendments OTC Diversion Reduction Compliance Probability Group Was there periodic Did the stock exceed shareholder reporting by 1962?

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