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Fiduciary Duty and the Market for Financial Advice

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NBER2019-05-01 更新2025-01-04 收录
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Fiduciary duty aims to solve principal-agent problems, and the United States is in the middle of a protracted debate surrounding the merits of extending it to all financial advisers. Leveraging a transaction-level dataset of deferred annuities and state-level variation in common law fiduciary duty,

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2019-05-01
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