Proposed Rule
Disclosure by Investment Advisers Regarding Soft Dollar Practices
Overview
The Commission is proposing for comment a new rule and form under the Investment Advisers Act of 1940 that would require certain investment advisers to provide clients with an annual report regarding their use of client brokerage. The proposed report would include disclosure about an adviser's use of its clients' brokerage commissions during the previous year, including information about research and other services obtained by the adviser with those commissions. The proposed annual report is intended to provide investment advisory clients with important information about the brokerage commissions they pay and their advisers' receipt of "soft dollar' benefits from those commissions.
Details
File Number
S7-5-95
Rule Type
Proposed
Release Number
34-35375
SEC Issue Date
Feb. 14, 1995
Federal Register Publish Date
Feb. 21, 1995
Document Citation
60 FR 9750
RIN
3235-AG36