The broker-dealer's liability for recommendations : under the U. S. Securities laws and the suitability rules of self-regulatory organizations
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Bibliographic Information
The broker-dealer's liability for recommendations : under the U. S. Securities laws and the suitability rules of self-regulatory organizations
（Europäische Hochschulschriften = Publications universitaires européennes = European university studies, series 2 . Law ; v. 305）
P. Lang, c1982
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Description and Table of Contents
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).
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