Investor and Industry Perspectives on Investment Advisers and Broker-Dealers
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. Th...
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| Other Authors: | , , , |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
RAND Corporation
2008
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| Subjects: | |
| Online Access: | DOAB: download the publication DOAB: description of the publication |
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| Summary: | 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. |
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| ISBN: | TR556USSEC 9780833047847 9780833044037 |
| Access: | Open Access |