A branch that has been authorized to engage in securities business for the account of the securities company or securities asset management business may not engage in other businesses.

分公司经授权经营证券自营业务或者证券资产管理业务的，不得经营其他业务。

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Since last summer Crane has seen 13 asset-management companies buy securities from their portfolios or take other actions to prevent a share-price decline.

去年夏天以来，Crane看到13个资产管理公司在他们的证券组合里购买证券或者采取其他方式去阻止资产价格下滑。

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SIFMA represents about 600 securities firms, brokerages and asset-management companies.

证券业和金融市场协会(SIFMA)代表了约600家证券公司，证券经纪商和资产管理公司。

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Late Monday, Morgan Stanley confirmed its board had authorized management to pursue a spinoff of Discover, which it says "reinforces" its strategy to be an integrated firm focused on institutional and retail securities and asset management.

FORBES: Morgan Stanley Meltdown

Many commercial banks have therefore tried to enter businesses trading and selling securities, asset management and the provision of merger advice that seem destined to grow along with the globalisation of the world economy and its financial markets.

ECONOMIST: Those two capitalisms, again

Central to the U.S. pension problem is the fact that the U.S. Securities and Exchange Commission, charged with protection of investors in the securities markets, has seldom provided advice specifically for protection of participants in pensions and the U.S. Department of Labor lacks sufficient understanding of the securities and asset management industries to provide guidance to sponsors of and participants in pensions.

FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )