Quasi-agency: Difference between revisions
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An [[US Attorney|American]] attempt to reconcile their pie-eyed notions of [[agency]] with the grim economic realities of equities [[Broker/dealer|brokerage]]. A [[riskless principal]], they say, is a [[quasi-agent]]<ref>IT ISN’T.</ref>. | {{a|contract|}}An [[US Attorney|American]] attempt to reconcile their pie-eyed notions of [[agency]] with the grim economic realities of equities [[Broker/dealer|brokerage]]. A [[riskless principal]], they say, is a [[quasi-agent]]<ref>IT ISN’T.</ref>. | ||
Hey, just while I’ve got you hear let’s rehearse the scenarios of ''actual'' agency: | Hey, just while I’ve got you hear let’s rehearse the scenarios of ''actual'' agency: | ||
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{{agencydisclosurescenarios}}}} | {{agencydisclosurescenarios}}}} | ||
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*[[Investment Advisers Act of 1940]] | *[[Investment Advisers Act of 1940]] | ||
{{ref}} | {{ref}} | ||
Latest revision as of 18:23, 18 February 2021
An American attempt to reconcile their pie-eyed notions of agency with the grim economic realities of equities brokerage. A riskless principal, they say, is a quasi-agent[1].
Hey, just while I’ve got you hear let’s rehearse the scenarios of actual agency:
Possible agency scenarios
Here are the possible “undisclosed agency” scenarios at the time of contract:
- Fully disclosed agency: Principal has appointed agent, agent has disclosed agency, agent has disclosed principal.
- Undisclosed principal: Principal has appointed agent, agent has disclosed agency, agent has not disclosed principal.
- Undisclosed agency: Principal has appointed agent, agent has not disclosed agency, agent has not disclosed principal.
- Full principal: Principal has not appointed agent, agent has not disclosed agency, agent has not disclosed principal. (i.e., a fellow who claims ex post facto to have been an agent is better known as a “liar”).
See also
References
- ↑ IT ISN’T.