Abstract

http://ssrn.com/abstract=1767564
 
 

Footnotes (93)



 


 



Stock Broker Fiduciary Duties and the Impact of the Dodd-Frank Act


Thomas Lee Hazen


University of North Carolina (UNC) at Chapel Hill - School of Law


North Carolina Banking Institute, Vol. 15, 2011
UNC Legal Studies Research Paper No. 1767564

Abstract:     
In recent years there has been concern about the sufficiency of broker-dealer regulation. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 mandates the SEC to review and evaluate existing regulation and to adopt such rules as may be necessary to enhance existing regulation. Existing SEC and FINRA rule-making addresses broker-dealer conduct, but by and large the regulation has been based on principles and standards rather than voluminous detailed rules specifying prohibited conduct. This article examines the extent to which additional regulation is warranted and whether to continue to rely on principles-based regulation, or whether there should be more explicit rules to heighten broker-dealer standards. The article concludes that although the existing framework for broker-dealer regulation is robust, it could be fine-tuned by possibly adding an express fiduciary duty requirement as well as more specific rule-based prohibitions.

Number of Pages in PDF File: 22

Keywords: Securities, Broker-Dealer, Fiduciary Duty, Investment Adviser

JEL Classification: K22

Accepted Paper Series


Download This Paper

Date posted: February 23, 2011  

Suggested Citation

Hazen, Thomas Lee, Stock Broker Fiduciary Duties and the Impact of the Dodd-Frank Act. North Carolina Banking Institute, Vol. 15, 2011; UNC Legal Studies Research Paper No. 1767564. Available at SSRN: http://ssrn.com/abstract=1767564

Contact Information

Thomas Lee Hazen (Contact Author)
University of North Carolina (UNC) at Chapel Hill - School of Law ( email )
Van Hecke-Wettach Hall, 160 Ridge Road
CB #3380
Chapel Hill, NC 27599-3380
United States
919--962-8504 (Phone)

Feedback to SSRN


Paper statistics
Abstract Views: 2,865
Downloads: 351
Download Rank: 46,611
Footnotes:  93

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.579 seconds