Soft-dollar guidance in effect
New regulatory guidance for money managers’ use of so-called soft dollars went into effect Jan. 24.
New regulatory guidance for money managers’ use of so-called soft dollars went into effect Jan. 24. Issued by the SEC last July, the guidance requires money managers who pay above-average trading commissions in exchange for research and brokerage services to restrict those services to advice, analysis and traditional research and market data. For details, visit http://sec.gov/rules/interp/2006/34-54165.pdf
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