An NASD Boost for Soft Dollars
Traders Magazine, December 2004
It was a happy holiday season for supporters of soft dollars. The alternative payment practice was acknowledged to be "especially beneficial to the clients of smaller investment advisers," according to a regulatory report issued just before the holidays. The NASD report of the Mutual Fund Task Force on Soft Dollars and Portfolio Transaction Costs basically endorsed the use of soft dollars, some analysts said. Its rationale was that some advisers lack effective research capabilities.
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