Guide to Broker-Dealer Regulation

The readings from Lofchie et al. for this week discuss numerous examples of potential conflicts of interest facing broker-dealer (BD) firms, market centers, mutual fund managers, and other market participants.  Rules by the SEC, FINRA, and other regulators try to prevent these conflicts of interest from harming investors.  For example:

  • In their capacities as brokers, BD firms discover relatively rapidly the flow of orders from customers, but then the dealing/trading units of BD firms—knowing that much more about market direction—may want to trade ahead of the BD firms’ customers (“Front Running”). This means that the BD firms’ orders themselves change the market in advance of their executing the customers’ orders. The customers may end up paying more for securities, or selling securities for less, than the customers would otherwise.
  • Market centers and broker-dealer firms want to attract customer orders to increase their volume of business.They thus might want to provide inducements to market participants who control large flows of customer orders—like mutual fund managers—to send the market centers and BD firms the mutual funds’ orders. However, then the mutual funds may come to base their decisions on where to send orders more on these financial inducements than on where the customers will receive the best execution; and/or, the BD firm may try to sell some mutual funds to customers more aggressively because the managers of those mutual funds send the BD firms a large volume of orders (“Soft Dollars Payment for Order Flow, and Other Inducements to Obtain Transactional Business.”).

Topic:The management of conflicts of interest thus is a central regulatory issue in financial market regulation. FINRA’s October 2013 Report on Conflicts of Interest discusses the management of conflict of interests. How are conflicts of interest managed in this field? In your papers you may discuss the central issues reviewed in FINRA’s report. How are the approaches to the management of conflicts of interest reflected in examples of regulation discussed in the readings from Lofchie et al. assigned for this week? You can use the FINRA report to structure your answer, but make sure to show how the principles reviewed by FINRA apply to examples of conflicts of interest discussed in the Guide to Broker-Dealer Regulation.

 

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get ordering with idealtermpapers.com now! Contact our live support team for any assistance or inquiry.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

Purchase Guarantee

Why ORDER at IdealTermPapers.com?

  • Educated and experienced writers.
  • Quality, Professionalism and experience.
  • Original Content writing.
  • Best customer support.
  • Affordable Pricing on orders.
  • Thorough research.
  • Ontime delivery of finished work.
  • 100% plagiarism free papers.

Reasonable Prices

  • To get the best quality papers isn’t cheap so don’t trust extremely low prices.
  • We can’t claim that we have unreasonably low prices because low prices equal to low quality.
  • Our prices are good and they balance with the quality of our work.
  • We have a Moneyback guarantee.

Original and Quality work

  • Our writers are professionals and they write your paper from scratch and we don’t encourage copy pasting.
  • All writers are assessed and they have to pass our standards for them to work with us.
  • Plagiarism is an offence and it’s never tolerated in our company.

Native Writers plus Researchers

  • Our writers are qualified and excellent and will guarantee the best performance in your order.
  • Our team has writers who have master's and PhD qualifications who can handle any assignment
  • We have the best standards in essay writing.

We have been in business for over 7 syears

  • We have always served our customers from all over the world and they have continued to order with us.
  • We value our customers since they have trusted us to do their assignments.
  • We are competent in our writing gained from experience over the years
  • Our company has 24/7 Live Support.

You will get

  •  Custom Admission Essay written by competent professional English writers.
  •  Free revisions according to our revision policy if required
  •  Paper format:  275 words per page, Times New Roman font and size 12, doublespaced text and1 inch margin
  •  On time delivery and direct order download
  •  Privacy guaranteed

We can help you:

  •  acquire a comprehensive professional presentation.
  •  get a unique and remarkable content as per your instructions.
  •  Get an additional portion that can be included to your existing presentation;
  •  turn your work in to an eyecatching presentation with well communicated ideas.
  •  improve your presentation to acquire the best professional standards.