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Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

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June 30, 2002

GAO to Look at Markets

By Gregory Bresiger

Are traders safe at the world's biggest exchanges in lower Manhattan? Were the stepped up security measures taken by private and public agencies enough to protect against further acts of terrorism?

These are some of the issues that will be examined by the General Accounting Office (GAO), which is an investigative arm of Congress.

The GAO has been asked to make a study of new securities measures at the request of Representative Edward Markey (D-Mass), Representative John Dingell (D-Michigan) and Representative Bill Tauzin (R-Louisanna).

The GAO has also been charged with examining how improved security measures at the exchanges fit in with the nation's homeland security plan.

The study will include a look at exchanges, broker dealers, electronic communications networks and banks.

The study is projected to be finished by the end of January 2003.