Volume XIII: Business and Private Organizations | Chapter 10 (2000): Securities Regulation – An Introduction
Completed in January 1994; later major changes have been taken into account until the end of 1999.
Detlev F. Vagts
12. Brokers and dealers. – The central figures on the exchanges are those who do the business there, i.e. the traders. The brokerage business has occupied an ambiguous place both in terms of the self-image held by its members and in terms of the outside world. On the one hand it is perhaps the most intensely profit-oriented of …