Investor and Industry Perspectives on Investment Advisers and Broker-Dealers

• Main Author: Hung, Angela A. (auth)
• Other Authors: Clancy, Noreen (auth), Dominitz, Jeff (auth), Talley, Eric (auth), Berrebi, Claude (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: RAND Corporation 2008
• Subjects: Civil codes / Civil law; Law
• Online Access: DOAB: download the publication; DOAB: description of the publication

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...