News Digest
News Digest

Author:

Publisher:

Published: 1971

Total Pages: 570

ISBN-13:

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A brief summary of financial proposals filed with and actions by the S.E.C.

Investor and Industry Perspectives on Investment Advisers and Broker-Dealers
Investor and Industry Perspectives on Investment Advisers and Broker-Dealers

Author: Angela A. Hung

Publisher: Rand Corporation

Published: 2008-03-12

Total Pages: 151

ISBN-13: 0833045016

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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.