Investor And Industry Perspectives On Investment Advisers And Broker Dealers

Author : Angela A. Hung
Publisher : Rand Corporation
ISBN 13 :
Total Pages : 234 pages
Book Rating : 4.95/5 ( download)

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Download or read book Investor and Industry Perspectives on Investment Advisers and Broker-dealers written by Angela A. Hung and published by Rand Corporation. This book was released on 2008 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 1990s 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 to conduct this study to examine the professionals' current business practices and whether investors understand differences between and relationships among them. The report describes a heterogeneous industry, with firms taking many different forms and offering a multitude of services and products and with investors failing to distinguish broker-dealers and investment advisers along regulatory lines. Despite this, investors express high levels of satisfaction with the services they receive from their own financial service providers. This satisfaction was much more frequently reported to arise from the personal attention the investor receives than from the actual financial returns arising from this relationship.

Author : Angela Hung
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.68/5 ( download)

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Download or read book Investor and Industry Perspectives on Investment Advisers and Broker-Dealers written by Angela Hung and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This PDF document was made available as a public service of the RAND Corporation. In recent years, the evolution of the financial service industry has blurred traditional distinctions between broker-dealers and investment advisers and made it difficult to design appropriate regulatory schemes for their professional services. To better understand the industry's dynamics and its effects on individual investors, the U.S. Securities and Exchange Commission (SEC) commissioned RAND to conduct a study of broker-dealers and investment advisers from two perspectives: first, examine investment advisers' and broker-dealers' practices in marketing and providing financial products and services to individual investors; and second, evaluate investors' understanding of the differences between investment advisers' and brokerdealers' financial products and services, duties, and obligations.

Author : Angela A. Hung
Publisher : Rand Corporation
ISBN 13 : 0833045016
Total Pages : 151 pages
Book Rating : 4.10/5 ( download)

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Download or read book Investor and Industry Perspectives on Investment Advisers and Broker-Dealers written by Angela A. Hung and published by Rand Corporation. This book was released on 2008-03-12 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: In theory, financial professionals are relatively distinct: A broker-dealer conducts transactions in securities on behalf of itself and others; and an investment adviser provides advice to others regarding securities. Different laws regulate each type of professional, but boundaries have blurred. This report examines current business practices and investor understanding of each type.

Author :
Publisher : DIANE Publishing
ISBN 13 : 1437981011
Total Pages : 208 pages
Book Rating : 4.18/5 ( download)

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Download or read book Study on Investment Advisers and BrokerDealers written by and published by DIANE Publishing. This book was released on with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Thomas P. Lemke
Publisher :
ISBN 13 :
Total Pages : 956 pages
Book Rating : 4.79/5 ( download)

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Download or read book Regulation of Investment Advisers written by Thomas P. Lemke and published by . This book was released on 1997 with total page 956 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Barry Leonard
Publisher : DIANE Publishing
ISBN 13 : 1437980600
Total Pages : 208 pages
Book Rating : 4.08/5 ( download)

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Download or read book Study on Investment Advisers and Broker-Dealers written by Barry Leonard and published by DIANE Publishing. This book was released on 2011-05 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Retail investors seek guidance from broker-dealers and investment advisers (BD&IA) to manage their invest. and to meet their own and their families¿ financial goals. BD&IA are regulated extensively, but the regulatory regimes differ, and BD&IA are subject to different standards under fed. law when providing invest. advice (IA) about securities. This report evaluated: (1) The effectiveness of existing legal standards of care for providing personalized IA and recommend. about securities to retail customers; and (2) Whether there are legal gaps in regulatory standards in the protection of retail customers relating to providing personalized IA about securities to retail customers that should be addressed by statute. This is print on demand report.

Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities
Publisher :
ISBN 13 :
Total Pages : 450 pages
Book Rating : 4.37/5 ( download)

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Download or read book Investment Advisers Act Amendments of 1976 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and published by . This book was released on 1976 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Financial Services
Publisher :
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.35/5 ( download)

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Download or read book Capital Markets Regulatory Reform written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Thomas P. Lemke
Publisher :
ISBN 13 :
Total Pages : 874 pages
Book Rating : 4.95/5 ( download)

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Download or read book Regulation of Investment Advisers written by Thomas P. Lemke and published by . This book was released on 1995 with total page 874 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
Publisher :
ISBN 13 :
Total Pages : 570 pages
Book Rating : 4./5 ( download)

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Download or read book Protecting Investors: A Half Century of Investment Company Regulation written by and published by . This book was released on 1992 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: