TY - BOOK ID - 15305503 TI - Investor and industry perspectives on investment advisers and broker-dealers AU - Hung, Angela A. AU - LRN-RAND Center for Corporate Ethics, Law, and Governance. PY - 2008 SN - 1281736759 083304821X 0833045016 9780833045010 9780833047847 0833047841 9786611736750 6611736751 9780833044037 0833044036 9780833048219 9781281736758 PB - Santa Monica, CA : Rand, DB - UniCat KW - Civil defense -- United States. KW - Intelligence service -- United States. KW - National security -- United States. KW - Terrorism -- Government policy -- United States. KW - Terrorism -- United States -- Prevention. KW - Intelligence service KW - Terrorism KW - Prevention KW - Government policy KW - Prevention. KW - Investment advisors KW - Stockbrokers KW - Law - U.S. - General KW - Securities KW - Securities industry KW - Law and legislation KW - Legal status, laws, etc. UR - https://www.unicat.be/uniCat?func=search&query=sysid:15305503 AB - In theory, financial professionals are relatively distinct: A broker conducts transactions in securities on behalf of others; a dealer buys and sells securities for his or her own accounts; and an investment adviser provides advice to others regarding securities. Broker-dealers and investment advisers are subject to different regulatory structures. But trends in the financial services market since the early 1990's have blurred the boundaries between them. Regulatory reform requires a clearer understanding of the industry's complexities. The U.S. Securities and Exchange Commission asked RAND ER -