GAO Raises Eyebrow At Interdealer Broker Data Practices; Wider Distribution Urged, But Regulation Would Be 'Last Step'

THIS MONTH'S LEAD STORIES

Like a powder-blue package from Tiffany, the General Accounting Office's long-awaited report on access to brokers' services in the U.S. government securities market appeared just before the holidays. On the question of broadening access to inside broker price data, its recommendation is no recommendation -- just a gentle nudge in the direction of wider access and a vow to return in two years to look at the situation again.

"We favor expanded information access," says the GAO. "The principal i

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