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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."

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