SEC Expected To Ban Directed Brokerage Commissions

The Securities and Exchange Commission (SEC) is expected to ban mutual fund managers from paying higher commission to fund distributors that promote their funds to investors. Paul Roye, director of the investment management division at the SEC, said yesterday that

By None

The Securities and Exchange Commission (SEC) is expected to ban mutual fund managers from paying higher commission to fund distributors that promote their funds to investors. Paul Roye, director of the investment management division at the SEC, said yesterday that he had recommended to commissioners that they ban the practice at the meeting on 11 February.

«