The broker-dealer's liability for recommendations
under the U.S. securities laws and the suitability rules of self-regulatory organizations
Autor | |
Quelle | Sonstige Datenquellen |
ISBN | 978-3-8204-7153-3 |
Lieferbarkeit | nicht lieferbar |
Katalogisat | Basiskatalogisat |
Verlag | Lang, Peter GmbH |
Erscheinungsdatum | 01.01.1982 |
Beschreibung (Langtext)
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).