Free Site Registration

More Trading Oversight on The Way

Traders Magazine, July 2008

Peter Chapman

Buyside traders may soon find themselves under more scrutiny. The Securities and Exchange Commission plans to issue guidelines for mutual fund boards to aid them in their oversight of fund company trading practices. Andrew "Buddy" Donahue, the SEC's director of the Division of Investment Management, recently said at a Securities Industry & Financial Markets Association conference that "the division recognizes the need to provide additional guidance to assist mutual fund boards in their oversight responsibilities with respect to best execution and the use of soft dollars."

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?