Advantages and disadvantages of the security exchange commission after the introduction of universal banking?Please i need to know the "advantages and disadvantages of the security exchange commission after the introduction of universal banking" | |
Advantages and disadvantages of the security exchange commission after the introduction of universal banking?Please i need to know the "advantages and disadvantages of the security exchange commission after the introduction of universal banking" | |
Universal banking, more common in Europe because of the laxer restrictions, allows financial institutions to assist you in your investing decisions beyond the current CD's and money market options.
The advantage is the SEC has stringent guidelines for investment guidance professions. W/o these guidelines, a greater danger exists for unethical behavior. An example would be a bank "pushing" a stock while it owns the stock and wants the price to rise. SEC requires disclosure. There is nothing that would do the same in banking.
The disadvantage is it costs money to be trained, licensed, and monitored. These go into the sales and annual fees of investments. There would be more readily available locations and advisors for investing. There would be a return to more of the Wild, Wild West style of investment.