The securities firms is a subject in the system of investment banks of our country, their business is mainly engaged in securities issue and second marketing .

证券公司是我国投资银行体系中的主体，其业务主要是从事证券发行承销和二级市场交易业务。

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The Americanmanagement of securities issue is fulfilled mainly by its registration system.

美国对证券发行的管理主要是通过证券发行注册制度实现的。

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One prominent supplier of money market and mutual fund data Pete Crane, of Crane Data, says that both the Securities and Exchange Commission and the broader financial regulatory system are deadlocked on the issue of how, if at all, the industry ought to be reformed.

FORBES: Money Market Fund Reforms Remains Elusive