@inbook{10.7249/tr556ussec.10,
 ISBN = {9780833044037},
 URL = {http://www.jstor.org/stable/10.7249/tr556ussec.10},
 abstract = {To set the stage for subsequent analysis, it is important to have a basic understanding of key aspects of the legal and regulatory landscape within which broker-dealers and investment advisers navigate. This chapter describes the main features of that terrain. In the first part of the chapter, we offer the central highlights of the regulatory environment, first for broker-dealers, then for investment advisers. We focus on key policy issues related to fee structures, the rendering of advice, and the 2005 rule change that are most relevant to this research project.¹ We conclude with a summary of the results of interviews},
 author = {the United States Securities and Exchange Commission},
 bookauthor = {Angela A. Hung and Noreen Clancy and Jeff Dominitz and Eric Talley and Claude Berrebi and Farrukh Suvankulov},
 booktitle = {Investor and Industry Perspectives on Investment Advisers and Broker-Dealers},
 edition = {1},
 pages = {7--22},
 publisher = {RAND Corporation},
 title = {Regulatory and Legal Background},
 year = {2008}
}