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Article: A FULL PLATE: SEC likely to bypass soft dollar, brokerage reforms; Marketing timing, fee transparency require more immediate attention, experts believe.(Securities and Exchange Commission )
- Article from:
- Pensions & Investments
- Article date:
- December 8, 2003
- Author:
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gregory Crawford
The SEC will be taking a close look at soft-dollar and directed brokerage practices at mutual funds during the next six weeks, but industry participants do not expect major reforms anytime soon.
"Transparency of fees is more on their minds and market timing is more on their minds'' than soft dollars and directed brokerage, said Theodore Eichenlaub, a former SEC official and founder of Adviser Compliance Associates, a manager consulting firm in Washington.
On Dec. 3, the Securities and Exchange Commission issued rules designed to end late trading and force more disclosure on funds' market-timing policies. The commission ...