| The Broker-Dealer's Liability for Recommendations: Under U. S. Securities Laws and the Suitability Rules of Self-Regulatory Organizations Contributor(s): Assmann, Heinz-Dieter (Author) |
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ISBN: 3820471537 ISBN-13: 9783820471533 Publisher: Peter Lang Gmbh, Internationaler Verlag Der W OUR PRICE: $26.55 Product Type: Paperback Published: December 1982 |
| Additional Information |
| BISAC Categories: - Law | Civil Procedure - Business & Economics | Banks & Banking |
| Dewey: 347 |
| Series: European University Studies: Series 2, Law |
| Physical Information: 122 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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). |