REGULATING HOUSEHOLD FINANCIAL ADVICE

Journal of Governance and Regulation

关键词: Households;    Financial Advice;    Regulation;   

DOI  :  10.22495/jgr_v1_i3_p6

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

This paper reviews economic theory related to investment advice. This theory explains 1) why financial advisors need to be carefully regulated for the benefit of both the investment advice industry and for consumers, 2) why principles-based regulation (e.g., a fiduciary standard) is more efficient than rules-based regulation, 3) why dual regulation of financial professionals providing investment or insurance advice is inefficient and inequitable policy, and 4) why the application of a universal and uniform fiduciary standard will be difficult to implement.

【 授权许可】

CC BY-NC