Browsing: client commission arrangements

Passing The Buck

New York—Yesterday the SEC issued draft guidance for directors of registered 40 Act funds relating to ‘soft dollar’ practices.  In the ‘sunshine’ meeting in which the commissioners discussed the proposed ...

The Taxman Cometh

Tax reform is taking the taxes off things that have been taxed in the past and putting taxes on things that haven’t been taxed before. –Art Buchwald New York—The search for ...

Tale of Two Regulators

New York—Over the past week we’ve had the opportunity to hear regulatory staff from the U.S. Securities and Exchange Commission and the UK Financial Services Authority speak on their respective ...