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A complete market research guide to the investment, securities and asset management industry - a tool for strategic planning, employment searches or financial research. Contains trends analysis, statistical tables and a glossary. Profiles of the 350 leading global investment and securities industry firms, including addresses, phone numbers and executive names

The data and areas of interest covered are intentionally broad, ranging from the diversification of financial services firms, to the challenges faced by traditional stock exchanges in competition with electronic communication networks, to emerging technology, to an in-depth look at the major firms (which we call THE INVESTMENT 350) within the many industry sectors that make up the investment system.

Considerable controversy has arisen in recent years over the management of customer‐broker conflict in the securities industry. Attention has been focused on the supposed voluntariness and neutrality of the conflict management processes. Arbitration, which is the standard form of conflict management in the securities industry, has received particularly strong criticism. This article explains the basis for customer‐broker conflicts, the controversy surrounding the use of arbitration as a means of conflict management, and the case law regulating securities disputes.

The processes determining regulatory impacts are increasingly centered within firms and industries themselves, and in the working relationships among private and public actors. This article examines two aspects of this issue: (a) the effects of economic interdependence on the social control of industry and (b) the emergence and behavior of regulatory professions within the private sector and their collaboration with public regulatory counterparts. We consider how these forces have influenced private regulation in the United States securities industry.

A letter report issued by the General Accounting Office with an abstract that begins "To disguise illegally obtained funds, money launderers have traditionally targeted banks, which accept cash and arrange domestic and international fund transfers. However, criminals seeking to hide illicit funds may also be targeting the U.S. securities markets. Although few documented cases exist of broker-dealer or mutual fund accounts being used to launder money, law enforcement agencies are concerned that criminals may increasingly try to use the securities industry for that purpose. Most broker-dealers or firms that process customer payments for mutual funds are subject to U.S. anti-money laundering requirements. However, unlike banks, most of these firms are not required to report suspicious activities. The Treasury Department is now developing a rule requiring broker-dealers to report suspicious activities. Treasury expects that the rule will be issued for public comment by the end of this year. Various intergovernmental groups, such as the Financial Action Task Force, have been working on recommendations that call for member nations to take various steps to combat money laundering through their financial institutions, including requiring securities firms to report suspicious activities. Although many members countries report that they have issued all or many of these recommendations and have applied them to their securities firms, it is difficult to determine how well the measures are being implemented and enforced."

Preserving confidence in our securities market is of great importance, because few Amer's are not affected by its rise & fall. In recent yrs, persons with criminal records have attempted by various guises to infiltrate the securities market, posing major problems for gov'al regulatory agencies in the securities field. NY State has attempted by statute to eliminate persons with felony convictions from engaging in the securities business. Another problem in NY was highpressure `boiler room' operations. A NY statute now requires registration of securities salesmen, in an effort to alleviate that problem. The gangster element has found it increasingly difficult to conduct business in NY under these enactments. There is a tremendous need for nat'l & internat'l cooperation in securities regulation. The North Amer Securities Administrators, operative in the US, Canada, & Mexico, aims at promoting cooperative gov'al efforts in the field. No similar internat'l group exists. Assistance from the public itself, by way of complaints to regulatory agencies, is essential for timely enforcement of existing statutes. Through cooperation among supervising agencies & assistance from an alert, & educated public, the problem of criminal activity in the securities business can be solved. AAAPSS.