The National Market System

The National Market System

Learn about the regulation of national securities exchanges and alternative trading systems.

Transcript

In this lesson, we’ll learn about the regulation of national securities exchanges and alternative trading systems.

I. Capital Markets Regulation

Federal securities regulation does more than regulate the disclosures of securities issuers and related parties like underwriters. It also seeks to ensure that the capital markets allow securities to be traded efficiently and free from fraud, manipulation, or other abuses. Although capital-markets regulation relies in part on the power of disclosure to...