In the past quarter of a century, the pace of structural change in
the equity markets has accelerated dramatically and, as it has,
regulation has come to play an increasingly central role in the
development of market structure. The purpose of Regulation of U.S.
Equity Markets is to consider regulation's contribution to the
efficiency of the U.S. equity markets. Sharply different opinions
are expressed on the matter, as the discussion ranges from
Congressional oversight, to SEC involvement in market structure
issues, to the self-regulatory responsibilities of the market
centers, most notably, the New York Stock Exchange and the Nasdaq
Stock Market.
General
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