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The Relationship Between an Investment Service Provider and a Retail Investor: EU and the United States Compared

  • Antonio Marcacci
Chapter

Abstract

This chapter compares the single features of the client-service provider relationship under the EU and US laws in order to test to what extent the two systems share similar patterns and verify whether and to what extent the US blueprint may be reproducible in Europe. The result of the comparison highlights the structural difference between the two systems. Whereas the United States rests on a complexly knitted structure of common-law contract law, securities statutes, and self-regulatory organizations’ rules, the EU arrangements for investor protection heavily rely on public-law duties.

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© The Author(s) 2018

Authors and Affiliations

  • Antonio Marcacci
    • 1
  1. 1.European University Institute Alumnus - Compliance Professional at a Global Systemically Important BankMilanItaly

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