shingle theory

SHINGLE THEORY

SHINGLE THEORY shingle theory. Securities. The notion that a broker-dealer must be held to a high standard of conduct because by engaging in the securities business (¡°hanging out a shingle¡±), the broker-dealer implicitly represents to the world that the conduct of all its employees will be fair and meet professional norms. [Cases: Securities Regulation 27.21, […]

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shingle theory

shingle theory Securities. The notion that a broker-dealer must be held to a high standard of conduct because by engaging in the securities business (¡°hanging out a shingle¡±), the broker-dealer implicitly represents to the world that the conduct of all its employees will be fair and meet professional norms. [Cases: Securities Regulation 27.21, 60.32(1). C.J.S.

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