(Reuters) - NEW YORK, May 31 - Soft-dollar deals -- where
money managers pay inflated commissions to get favors such as
free stock research from brokerages -- need tighter regulation,
the top U.S. market regulator said on Thursday.
Securities and Exchange Commission Chairman Christopher Cox
vowed to push Congress to reform or even repeal laws that allow
soft-dollar transactions, which some critics say present
conflicts of interest and cheat investors.
Read more at Reuters.com Government Filings News
money managers pay inflated commissions to get favors such as
free stock research from brokerages -- need tighter regulation,
the top U.S. market regulator said on Thursday.
Securities and Exchange Commission Chairman Christopher Cox
vowed to push Congress to reform or even repeal laws that allow
soft-dollar transactions, which some critics say present
conflicts of interest and cheat investors.
Read more at Reuters.com Government Filings News
No comments:
Post a Comment