What the New York Stock Exchange is doing about insider trading
Article Abstract:
The purpose of the market surveillance unit of the New York Stock Exchange (NYSE) is to prevent and detect trading abuses. Five major areas of abuse are: are: insider trading, front running, manipulation, the failure of specialists to maintain a fair and orderly market, and violations in proprietary trading. The NYSE began using the Intermarket Surveillance Information System (ISIS) in 1983. ISIS is a consolidated database that records trading information. Using ISIS, investigators can find out where and when a suspected trading abuse took place, the brokerage firms that participated in the suspect trade, and the identity of the broker who executed the trade. To help prove insider trading cases investigators use the Automated Search and Match System, which researches and cross-references available information on the trading activities of individuals and organizations.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1987
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Making safety pay
Article Abstract:
Columbia Building Materials Inc. of Tucson, Arizona (a fabricator of concrete blocks) not only improved its industrial safety record, but the safety program implemented paid for itself in one year of operation. First, the company established a written safety policy and disseminated this policy from the chief executive officer to the plant managers, as well as to foremen and field workers. This was followed by personnel meetings with all employees, training sessions sponsored by Columbia's insurance company, and strict disciplinary procedures for safety violations. Because of the reduction in worker's compensation claims by the company, Columbia's insurance carrier refunded 53 percent of its annual insurance premium, or roughly $58,000. The number of citations issued to the company by the Arizona Department of Public Safety has also declined by 50 percent.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1986
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Material burdening
Article Abstract:
The Portables Group of Tektronix Inc uses a cooperative approach to cost accounting that supports management's competitive strategy. The test and measurement instruments firm operates in one of the industry's most competitive segments, and the Portables Group faces strong European and Japanese price competition. Management found that overhead costs were increasing, even though average labor content of Portables Group products had been consistently decreasing; meaning that more and more overhead was being expended on less and less labor. A significant cost accounting flaw was uncovered through a series of interviews with engineering and manufacturing managers. A cost method was then developed that quantifies and communicates the value of part standardization.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1987
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