|  | | 2004 News and Press Releases | | |
HEADLINE NEWS:
Soft Dollars To Be Priority For SEC Next Year: Roye
Staff Writer
Money Management Executive. December 13, 2004
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EXCERPT: Paul Roye, director of the SEC's division of investment management, recently indicated that clearly defining what can be exchanged between brokers and fund companies through soft dollars will be a priority of the Commission in 2005. Speaking before the Consumer Federation of America, Roye said that this will be a "front-burner" priority, one that will probably be resolved by limiting the definition of "research." Further, the SEC will consider proposals to tackle directed-brokerage practices, which shareholder advocates say drive up fund expenses with unnecessary trading fees. |
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