The International Organisation of Securities Commissions has released a report which analyses the trading of over-the-counter derivatives.

The Securities and Exchange Commission study, prepared pursuant to Section 913 of the Dodd-Frank Act, investigates the effectiveness of the standard of care required of broker-dealers and investment advisers that provide personalized investment advice regarding securities to retail customers.

Section 919C of The Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 mandated that the Government Accountability Office study the oversight of financial planners.

The Government seeks the views of interested parties on the options presented in this paper for the criterion under which a client is considered to be wholesale or retail in the context of the receipt of financial advice.