SIA: SEC Criticism of Dealers Unfounded

Hume, Lynn
March 2004
Bond Buyer;3/31/2004, Vol. 347 Issue 31853, p4
Trade Publication
Reports on the reaction of the Securities Industry Association (SIA) to the U.S. Securities and Exchange Commission's (SEC) criticism of the sale of state-sponsored college saving plans by broker-dealers. Full authority of SEC to review broker-dealer sales practices; Proposal of SEC to require broker-dealer to disclose fee; Claim of SIA that the federal government do not regulate state-sponsored college savings plans.


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