Policy makers have embraced financial education as a necessary antidote to the increasing
complexity of consumers' financial decisions over the last generation. We conduct a meta …

Abstract The Dodd-Frank Act shifted regulatory jurisdiction over “midsize” investment
advisers from the SEC to state-securities regulators. Client complaints against midsize …

We examine the variable annuity market to study conflicts of interest and the effect of
fiduciary duty in brokerage markets. Insurers typically pay brokers higher commissions for …

We examine the notion that financial products which cater to investors' behavioral biases
can yield high trading activity and thus be profitable for issuers. Our setting considers …

Do some financial product features negatively affect consumer decisions? A review of evidence
Page 1 Lunn, Pete; McGowan, Féidhlim P.; Howard, Noel Research Report Do some financial …

We find evidence consistent with previously unrecognized market manipulation by broker-
dealers. Specifically, we show that pre-trade hedging, which is distinct from front-running …

The derivatives market is an important asset class and has been found to positively
contribute to economic development. It has sparked interest from researchers, policymakers …

This study investigates the role of asymmetric information for the pricing, issuance volume,
and design of innovative securities. By analyzing the information that structured product …

This article proposes and validates a financial protection perception scale (FPPS) from the
perspective of the financial services consumer. The scale was applied to a sample of 1137 …

This paper uses occupational employment and wage data for over 270 industries from 1990
to 2017 to estimate the percentage of an industry's annual labor spending on performing …