Finance and Banking
Tue, 07 Sep 2010 13:28:21 -0700
On July 21, the Securities and Exchange Commission (SEC) proposed new rules and disclosure requirements that, if adopted, will significantly change the existing framework governing the use of mutual fund assets to pay for distribution (the Proposal). 1 The Proposal has widespread implications not only for mutual funds and their boards of directors and investment advisers, but also for broker ...
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Finance and Banking
Tue, 07 Sep 2010 03:29:13 -0700
Under the Form ADV instructions, a wrap fee program is any advisory program where a specified fee, or fee not based on account transactions, is charged for advisory services and execution.
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