HOME LAW INSURANCE


       
Find a Lawyer
Browse Financial Law
Financial Law Home Page

Resources
Attorneys
Financial Law Forum
Articles & FAQs
   Banking Law
   Broker Disputes
   Commodities Law
»Financial Law
Financial Law - General Financial Law Questions

  Page 5 of 6

What are the purposes of financial laws?
In general, the laws seek to provide for truthful disclosure to consumers, to assure the financial solvency of the institutions, and to a lesser extent, to make financial services accessible to all segments of the population.

One over-riding, and sometimes unstated concern of all the laws is to protect the economy. Without confidence in financial products and financial service providers, the great pool of investment capital that keeps the world economy moving would dry up. If you can not trust your bank to return your savings, would you keep money in a bank or under your mattress? If you were concerned that the insurance company would not be able to pay a claim, would you buy insurance? If you felt your stocks were only pretty pieces of paper – and your mutual fund investments just an entry on a monthly statement – would you keep your nest egg in financial assets or instead hoard gold?
« View All General Financial Law Questions Pages Next Page »
« Post Your Case  



Get Legal Forms
Download 36,000+ forms
Law Forums
Search over 600,000 topics and answers in our law forums.
HACKER SAFE certified sites prevent over 99.9% of hacker crime. State Law Center | Legal Links | Site Map | Privacy Policy | Media | About Us | Contact Us

FreeAdvice® has been providing millions of consumers with outstanding advice, free, since 1995. While not a substitute for personal advice from a licensed professional, it is available AS IS, subject to our disclaimer and conditions of use. FreeAdvice®, AttorneyPages®, ExpertPages®, and LegalSoapbox™ are units or affiliates of Advice Company. All Rights Reserved © 1995-2008