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The Government Accountability Office

The Government Accountability Office (GAO) report you reviewed for the first week of class noted that financial regulation, among other functions, tries to ensure adequate consumer and investor protections and the integrity and fairness of markets, and tries to monitor the safety and soundness of institutions. The readings for this week discuss regulatory registration procedures and the types of information required for registration of financial firms and their employees. How do these registration procedures and the information required for registration of firms and individuals help meet the regulatory goals of ensuring consumer/investor protection and the integrity and fairness markets, and improving the safety and soundness of institutions? Within the page constraints of the assignment, be as specific and efficient as you can be in showing how the details of the readingsdiscussing the registration procedures and the types of information collectedapply to the question.

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