A Rant on RAND

Moisand, Dan
January 2008
Journal of Financial Planning;Jan2008, Vol. 21 Issue 1, p26
Academic Journal
The author discusses RAND Corp., the Securities and Exchange Commission (SEC), and problems that the general public faces pertaining to receiving financial advice. The author states that the SEC is to be blamed for consumer confusion and lists reasons for why they should be blamed. The author lists solutions that the U.S. government should do, like empowering the public to make informed decisions, imposing an average daily volume (ADV) personal requirement on all registered financial representatives and investment advisers, and to impose a uniform standard of care.


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