Abstract
Although the quality of professional security analysis and portfolio management varies widely, the ultimate shareholder or beneficiary in whose behalf professional portfolio managers buy and sell pension fund, mutual fund and endowment fund assets has no way of assuring himself that trading and policy decisions are really competent. He may be hurt, rather than helped, by these decisions. Brokers, to be sure, are required to demonstrate simple qualifications, including successful negotiation of a written exam. But other sources of investment advice are virtually unregulated.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.