NASD Task Force Asks SEC To Limit Funds' Soft-Dollar Practices

Hume, Lynn
November 2004
Bond Buyer;11/18/2004, Vol. 350 Issue 32013, p5
Trade Publication
Reports that a task force of the National Association of Securities Dealers (NASD) in the United States has asked the Securities and Exchange Commission to limit the types of research services that mutual funds can obtain with soft dollars and expand the disclosure about soft dollar practices in fund prospectuses. Disclosure of portfolio transaction costs; Statements by Robert B. Glauber, chairman of NASD; Use of research by investment advisers and their clients; Involvement of broker-dealers and brokerage transactions.


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