SEC Votes to Ban 'Directed Brokerage'

Sanchez, Humberto
August 2004
Bond Buyer;8/19/2004, Vol. 349 Issue 31951, p5
Trade Publication
Reports on the restriction of bond and stock mutual funds from directing transactions to brokerage firms in return for recommending the fund's shares by the U.S. Securities and Exchange Commission. Adoption of new disclosure requirements for bond and stock mutual fund portfolio managers; Elimination of conflict of interest that can compromise execution in fund portfolio transactions; Prevention of brokerages from selling mutual fund shares.


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