United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-11-27 monographic deposited born digital 31 p. GA 1.13:GAO-02-18 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-18 P0b002ee1803a273e f:d0218 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-02-18 machine generated eng fdlp REPORT GAOREPORTS-GAO-02-18 GAO-02-18 Securities regulation Self-regulatory organizations Stock exchanges Stocks (securities) Other Written Product A02487 The Chairman of the Securities and Exchange Commission (SEC) stated that one-third of Amex's new listings did not meet the exchange's equity listing standards. Amex's listing guidelines address factors that are the same or similar to those addressed by other U.S. stock markets. Quantitative requirements addressed share price, stockholders' equity, income, and market value of publicly held shares. However, the minimum thresholds for meeting these requirements varied to reflect the differences in the companies that each market targeted for listing. The most significant difference between Amex's guidelines and the listing standards of other U.S. stock markets was that Amex was one of only two markets that retained discretion to initially list companies that did not meet all of its quantitative requirements. Amex had not implemented the Office of Compliance Inspections and Examinations' (OCIE) recommendations on the exchange's discretionary listing decisions. OCIE officials told GAO that in the absence of an Amex agreement to address the recommendations, they would include them among the open significant recommendations to be reported to the SEC Commissioners as a result of a 1998 GAO recommendation. The Commission has the authority to require Amex to implement OCIE's recommendations. Amex officials told GAO that the exchange was fulfilling its self-regulatory organization responsibilities, in part, by individually monitoring the status of companies that did not meet its continued listing guidelines and summarizing information in monthly reports to management. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-18/html/GAOREPORTS-GAO-02-18.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-18/pdf/GAOREPORTS-GAO-02-18.pdf GAO-02-18 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-18 Other Written Product GAO-02-18; Securities Regulation: Improvements Needed in the Amex Listing Program; Securities regulation Self-regulatory organizations Stock exchanges Stocks (securities)