Investor and industry perspectives on investment advisers and broker-dealers / / Angela K. Hung ... [et al.].
In theory, financial professionals are relatively distinct: A broker conducts transactions in securities on behalf of others; a dealer buys and sells securities for his or her own accounts; and an investment adviser provides advice to others regarding securities. Broker-dealers and investment advise...
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| Superior document: | Technical report ; TR-556-SEC |
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| Year of Publication: | 2008 |
| Edition: | 1st ed. |
| Language: | English |
| Series: | Technical report (Rand Corporation) ;
TR-556-SEC. |
| Physical Description: | 1 online resource (229 p.) |
| Notes: | "RAND Institute for Civil Justice, LRN-RAND Center for Corporate Ethics, Law, and Governance." |
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| Summary: | In theory, financial professionals are relatively distinct: A broker conducts transactions in securities on behalf of others; a dealer buys and sells securities for his or her own accounts; and an investment adviser provides advice to others regarding securities. Broker-dealers and investment advisers are subject to different regulatory structures. But trends in the financial services market since the early 1990's have blurred the boundaries between them. Regulatory reform requires a clearer understanding of the industry's complexities. The U.S. Securities and Exchange Commission asked RAND |
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| Bibliography: | Includes bibliographical references (p. 199-204). |
| ISBN: | 9786611736750 0833047841 |
| Hierarchical level: | Monograph |
| Statement of Responsibility: | Angela K. Hung ... [et al.]. |