United States. Congress. Senate. Committee on Banking,
Securities
Housing and Urban Affairs, Subcommittee on
NATIONAL SECURITIES MARKET SYSTEM ACT OF 1973

HEARINGS

BEFORE THE

SUBCOMMITTEE ON SECURITIES

OF THE

COMMITTEE ON

BANKING, HOUSING AND URBAN AFFAIRS
UNITED STATES SENATE

NINETY-THIRD CONGRESS

FIRST SESSION

ON

S. 2519

TO AMEND THE SECURITIES EXCHANGE ACT OF 1934 TO
FACILITATE THE DEVELOPMENT OF A NATIONAL MARKET
SYSTEM, TO PROVIDE FOR REGULATION OF SECURITIES
INFORMATION PROCESSORS, TO REMOVE UNNECESSARY
BURDENS ON COMPETITION, TO STRENGTHEN AND IM-
PROVE THE SECURITIES AND EXCHANGE COMMISSION'S
OVERSIGHT OF SELF-REGULATORY ORGANIZATIONS, AND
FOR OTHER PURPOSES

COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS

JOHN SPARKMAN, Alabama, Chairman

DUDLEY L. O'NEAL, Jr., Staff Director and General Counsel
WM. HOWARD BEASLEY III, Director of Minority Staff
STEPHEN J. PARADISE, Assistant Counsel

SUBCOMMITTEE ON SECURITIES

HARRISON A. WILLIAMS, JR., New Jersey, Chairman

ALTON B. HARRIS, Counsel

H. HOLTON WOOD, Jr., Professional Staff Member
HOWARD A. MENELL, Assistant Counsel