Overview

This comprehensive book offers a rigorous analysis of the legal debates, approaches and practice-related issues surrounding financial advice and investor protection. Despite widespread recognition of the importance of financial inclusion more broadly construed, recent financial crises have highlighted deficits in retail investor protection – this book informs the development of robust yet adaptable frameworks to protect investors, including effective enforcement and dispute resolution. Divided into three thematic parts, Financial Advice and Investor Protection begins with a holistic discussion of the subject, including an examination of the impact of relatively recent technical innovations such as robo-advice. The second part evaluates the role of private law in achieving investor protection, considering in particular how tort law, contract law and equity allocate risk and liability for investment advice. Finally, the book outlines the investor protection frameworks in the jurisdictions of six significant financial centres. This book will be a crucial read for various stakeholders in the investor protection debate including practitioners advising clients who work in this field, particularly across several of the jurisdictions covered, as well as policymakers interested in the development of law and regulation in this area. Scholars and students of financial law will also benefit from its comprehensive and critical treatment of the subject.

Full Product Details

Author:   Sandra Booysen
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
ISBN:  

9781800884618

ISBN 10:   1800884613
Pages:   384
Publication Date:   07 December 2021
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Contents: Foreword by Peter Ellinger xiv Preface xvi PART I INTRODUCTION 1 Financial advice and investor protection: a comparative overview 2 Sandra Booysen 2 Robo financial advice: the new frontier 19 Yaru Chia PART II THE PRIVATE LAW 3 Tort law as regulation in the financial industry 39 Christian Witting 4 Financial advice and the duty to advise 64 Sandra Booysen 5 Non-reliance clauses, entire agreement clauses and contractual estoppel 84 Hugh Beale QC FBA with Georgia Palmer 6 Banks, financial intermediaries and fiduciary duties 106 Gerard McMeel QC 7 Causation, remoteness and calculation of damages for financial mis-selling 130 Katy Barnett PART III A JURISDICTIONAL PERSPECTIVE 8 From disclosure to design: the Australian regulatory response to mis-selling to consumer investors by financial services providers 165 Jeannie Marie Paterson 9 China: confronting a growing wealth management sector 190 Alex Zhou Qin 10 Hong Kong: balancing laissez-faire and investor protection 214 Carrie Ding Chunyan and John Ho 11 Singapore: boosting regulation to protect vulnerable investors 237 Dora Neo 12 The United Kingdom: the primacy of regulation in protecting the retail investor 261 Keith Stanton 13 The United States of America: shifting conduct standards for retail investment advice 284 Mercer Bullard Bibliography Index

Reviews

'Financial Advice and Investor Protection, edited by Sandra Booysen of NUS Law Faculty, goes to the heart of law's concern with finance: the investment decision. This excellent book covers every important angle of the investment decision: information provided, duties of advisors, investor skill and status-based regulation, and available remedies. The examination takes place with local expertise in six major jurisdictions, and the regulatory framework is then reevaluated for the challenges of Fintech and increasing automation.' -- David Donald, The Chinese University of Hong Kong, Hong Kong

'Financial Advice and Investor Protection, edited by Sandra Booysen of NUS Law Faculty, goes to the heart of law's concern with finance: the investment decision. This excellent book covers every important angle of the investment decision: information provided, duties of advisors, investor skill and status-based regulation, and available remedies. The examination takes place with local expertise in six major jurisdictions, and the regulatory framework is then reevaluated for the challenges of Fintech and increasing automation.' - David Donald, The Chinese University of Hong Kong, Hong Kong

Author Information

Edited by Sandra Booysen, Associate Professor, Faculty of Law, National University of Singapore, Singapore

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