TITLE

In Dispute Over Commission Sharing, SEC Opinion Could Force Bulge Brackets' Hand

AUTHOR(S)
HINTZE, JOHN
PUB. DATE
August 2008
SOURCE
Securities Industry News;8/25/2008, Vol. 20 Issue 30, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the plan of the U.S. Securities anti Exchange Commission (SEC) to issue a guidance on how compliance conflicts can be avoided when institutional investors pay brokers for services that are unbundled from execution costs. It is noted that the guidance could help resolve issues around commission-sharing arrangements (CSAs). According to Robert Plaze, associate director at the SEC, the issue the agency plans to address involves payments by institutional investors directly to brokers for their services.
ACCESSION #
34074536

 

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