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Investment Adviser Regulation

In: Laws and Regulations in Global Financial Markets

Author

Listed:
  • Roy Girasa

Abstract

In an article in the April/May 2012 issue of AARP: The Magazine—a magazine for retired and older adults—the author, an investment adviser, reviewed the investment portfolio of a 90-year-old woman. She had been sold two expensive annuities, and the rest of her portfolio consisted of high-risk stock funds and junk bond funds. Her previous financial planner had received significant commissions by advising her to invest in totally inappropriate securities. The author noted that commissions can range from 1 percent (for the sale of some kinds of mutual funds) to up to 10 percent (for the sale of an annuity).’ Clearly, the client, who relied on the integrity of the financial adviser, was misled by his negligent and possibly fraudulent advice concerning financial products that few clients understand.

Suggested Citation

  • Roy Girasa, 2013. "Investment Adviser Regulation," Palgrave Macmillan Books, in: Laws and Regulations in Global Financial Markets, chapter 0, pages 1-36, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34546-2_1
    DOI: 10.1057/9781137345462_1
    as

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