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.
Before going any further, we wish to acknowledge the indispensable role you have played and, of course, will continue to play regarding both SuperMontage and the broader national market structure issues prompting a reexamination of the Securities Acts Amendments of 1975.
Our modifications did not, and could not address other problems flowing from the core issue of transforming a public utility into a for-profit competitor within the constraints of the antiquated Securities Acts Amendments of 1975.
Archipelago thought that, with the NASD "on the run," ECNs had leverage to force a broader examination of the Securities Acts Amendments of 1975, extracting concessions on issues like market data and a separation from Nasdaq of the securities information processing facilities it currently controls.
The Securities Acts Amendments of 1975 crafted a regulatory and legal regime for a world without on-line brokerages, a world without ECNs, a world without modern communications systems, a world where exchanges were content to serve as not-for-profit public utilities.
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.
process the Securities Acts Amendments of 1975 require the SEC to conduct.

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