Quasi-agency: Difference between revisions

Revision as of 16:39, 2 May 2018

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”).

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-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]]<ref>IT ISN’T.</ref>.
+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>.
-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:
-{{agencydisclosurescenarios}}
+{{box|{{agencydisclosurescenarios}}}}
 {{seealso}}
 *[[Investment Advisers Act of 1940]]
 {{ref}}