Week 2 Homework – GM520.
1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (1) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. (10 points) Securities and Exchange Commission – I follow the nation's stock and options exchanges. Flex Exchange Options provide investors with the ability to customize basic options features including size, expiration date, exercise style, and certain exercise prices. It also gives investors the opportunity to trade on a larger scale with expanded or eliminated position limits. 2. Describe the proposal/change. (10 points)
The proposal filed by the Chicago Board Options Exchange is to extended the operation of the Flexible Exchange Options program regarding permissible exercise settlement values for FLEX Index Options, that will expire on November 2, 2012 or the date that the program is approved permanently to November 2, 2013 or the date that the program is approved permanently. 3. Write the public comment which you would submit to this proposal. If the proposed regulation deadline has already passed, write the comment you would have submitted. Explain briefly what you wish to accomplish with your comment. (10 points) This program gives investors additional means of managing risk and helps carry out investment objectives. The program has been good to me, and other investors while it was in place. It gives flexibility, enhances efficiency, and increased market transparency. I do not see why you would not consider...
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