Her Majesty's Commissions
Traders Magazine, April 2004
In the U.S., they are known as soft dollars.' In the U.K., they are known as soft commissions.' But in both countries the pressure is on to make them hard. The U.K. kicked off the latest round of table pounding over the use by fund managers of commissions to pay for services other than executions. That was back in 2001, when Paul Myners authored a report of behalf of Her Majesty's government that criticized this practice.
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