Securities Acts Amendments of 1975

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 ?
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.

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