Soft-dollar guidance on horizon

Securities regulators are weighing changes to the use of so-called soft dollars by mutual funds. The proposed guidance, issued by the SEC in July, is directed at fund boards and their oversight of investment advisers as it pertains to advisers’ trades involving soft dollars. The SEC has said the guidance would impose no new requirements, but rather would provide a flexible framework for directors’ oversight of advisers’ trading activities. Comments on the proposal were due in October. For more information, visit sec.gov/rules/proposed/2008/34-58264.pdf.

Related Topics: Regulatory Moves