Tuesday, July 25, 2006

Advisers misreport use of soft dollars

Advisers misreport use of soft dollars - July 24, 2006 - Sara Hansard - InvestmentNews: "One week after the Securities and Exchange Commission approved new guidelines governing the use of so-called soft dollars, the commission's top inspections official said that many investment advisers underestimate the benefit they receive from such commission-sharing arrangements.

Many advisers do not take into account the research they receive from affiliated broker-dealers when asked to report on their use of soft dollars, said Lori Richards, director of the SEC's office of compliance inspections and examinations. "

Follow the link for the full article from Investmentnews.com
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