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Article: OTC derivatives dealers group gives investors draft code of conduct.(over-the-counter dealers)
- Article from:
- The Bond Buyer
- Article date:
- March 29, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After working independently for months, a group of over-the-counter derivatives and securities dealers has presented its final plan for a voluntary code of conduct to investor groups, including state and local officials, and now is pushing them to endorse it.
The most recent draft, which is little changed from two earlier versions, is meant to be used by dealers and investors alike in over-the-counter financial transactions and basically states that those entering into these complicated transactions should understand what they are doing.
The group is scheduled early next month to host a general information session for derivatives users to discuss the draft ...