Suchergebnisse

This article will investigate what principles should guide the Commission in allocating decision making authority over regulatory matters between itself and the SROs. When should the SEC initiate the resolution of issues? When should it merely oversee the efforts of the SROs in issue resolution? Finally, can specific market regulatory problems be analyzed pursuant to these principles to determine how decision making authority should be allocated? In addition to providing a model for answering these questions, the guidelines 4 developed in this article will also have relevance to the broader question of allocating decision making responsibility between the government and the private sector.

In 1975 Congress enacted legislation designed to foster the establishment of a national system for the trading of securities. Many of the goals of a national market cannot be achieved if brokers are not compelled to seek the best price when executing transactions in multiply traded securities. To date, the Securities and Exchange Commission has failed to adopt a rule either requiring or encouraging a best execution practice. This article examines the importance of a best execution rule to investors, to the national market system and to the economy. It explores the changes that have evolved in the securities industry in the wake of the national market system legislation. Finaly, the article examines how these changes provide a strengthened argument for the implementation of a best execution rule.

Inhaltsverzeichnis: Frontmatter -- Contents -- Preface -- Acknowledgments -- 1. Introduction -- PART I. Cassirer as a philosopher in Imperial Germany -- 2. Marburgneo-Kantianism and Cassirer's pre-1914 writings -- PART 2. Cassirer's intellectual reorientation into the humanities -- 3. Kant reconsidered (1914-16) -- 4. A cosmopolitan view of history ( 1916-18) -- 5. Cassirer's synthesis of Kant and Hegel (1918-19) -- 6. The origin of the philosophy of symbolic forms (1919-22) -- PART 3. Cassirer's Weimar period -- 7. Intellectual equilibrium (1923-6): ideological background -- 8. Intellectual equilibrium (1923-6): the philosophy of symbolic forms -- 9. The Weimar cultural milieu (1900-33) -- 10. Cassirer's final defence of reason in Germany (1927-33) -- 11. Epilogue and conclusion -- Notes -- Bibliography -- Index

Die Regierung Mazowiecki hat mit der Freigabe der Preise, der Öffnung des polnischen Marktes für den Außenhandel und der Abwertung des Zloty schon die schwierigsten Schritte zur Einführung der Marktwirtschaft in Polen getan. Sie muß sich jedoch vor inflatorischer Politk sowie vor einem Rückfall in den Protektionismus hüten. Ebenso sollte die Privatisierung staatlichen Eigentums zügig vorangetrieben werden. In der Frage der Reduzierung der polnischen Auslandsschulden sollte die Bundesrepublik Deutschland eine führende Rolle übernehmen. (SWP-PrF)