The licensing and regulation of ﬁnancial advisers is one way by which the government tries to deal
with the problem of inadequate information that ﬁnancial ﬁrms have about their customers.

Question

Quizplus · Accepted Answer

The licensing and regulation of financial advisers primarily aim to ensure that advisers are qualified and adhere to certain ethical and professional standards, thereby protecting consumers from misinformation or malpractice. It does not directly address the issue of financial firms having inadequate information about their customers.

The Licensing and Regulation of ﬁNancial Advisers Is One Way