The broker-dealer's liability for recommendations

Autor*innen

• Heinz-Dieter Assmann

Parameter

• 122 Seiten
• 5 Lesestunden

• Sozialwissenschaften

Mehr zum Buch

In today's capital markets the individual investor finds it increasingly difficult to gather, select and evaluate all the information that is required to make a reasonable investment decision. It is the broker-dealer who steps into the breach. The service he renders as a professional intermediary of informations culminates in investment recommendations. The threat of being held liable should ensure that a broker-dealer's recommendation is the result of a sound inquiry into the security and the customer's situation. This study examines the extent to which such a remedy is actually provided for under the U. S. securities laws and the so-called suitability rules of self-regulatory organizations (i. e., broker-dealer associations and stock exchanges).

• Sprache: Deutsch
• Erscheinungsdatum: 1982
• Einband: Paperback