MutualFundWire.com: Expect to Say Bye Bye to Directed Brokerage
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Tuesday, August 17, 2004

Expect to Say Bye Bye to Directed Brokerage


The Washington Post reports that the SEC is expected to approve a ban on directed brokerage and require increased disclosure of portfolio manager investments.

The article does not cite a source.

The Investment Company Institute and the Securities Industry Association both support a ban.

SEC commissioners will gather Wednesday morning at 10am to discuss and vote on the proposals. The meeting will be webcast.


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