Investor and industry perspectives on investment advisers and broker-dealers
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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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Santa Monica, CA :
Rand
c2008.
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| Edición: | 1st ed |
| Colección: | Technical report (Rand Corporation) ;
TR-556-SEC. |
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009426456206719 |
| Sumario: | 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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| Notas: | "RAND Institute for Civil Justice, LRN-RAND Center for Corporate Ethics, Law, and Governance." |
| Descripción Física: | 1 online resource (229 p.) |
| Bibliografía: | Includes bibliographical references (p. 199-204). |
| ISBN: | 9786611736750 9780833047847 |
