Hard Dollars Are A Smoking Gun
Traders Magazine, October 2004
Buyside firms that replace soft dollars with hard dollars for research should keep a close watch on the tab. Regulators could start asking questions if the cash costs for the same research are suddenly lower, according to one expert. It may raise suspicions that the previous soft-dollar arrangements were unethical, according to James Hartman, who runs the asset management practice at Ernst & Young in New York.
Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.tradersmagazine.com
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