Item No. 3 is the commission, paid when buying and selling (unless your brokerage offers commission-free trades).
Consultants, who advise clients on asset allocation and manager selection, as well as educate their advisory clients on brokerage matters such as soft dollaring and commission recapture, are not required to be licensed as brokers or registered as investment advisors.
FORBES: Investment Consultants: It's Time to Clearly Define Their Role (June 1, 1995)
Virtually every time money moves, whenever money managers or securities in a portfolio turnover, a brokerage facilitates the transactions and gets paid a commission.
The report named names, and the Securities and Exchange Commission obtained warrants of arrest against 32 people in seven brokerage firms and eight listed companies.
It is an issue that has already been raised in reference to Sedona Sedona. in an ongoing civil lawsuit against a number of brokers and hedge funds and in a Securities and Exchange Commission federal court case filed in April in New York against one brokerage and several individuals.
It is an issue that has already been raised in reference to Sedona Sedona (otcbb: SDNA - news - people ). in an ongoing civil lawsuit against a number of brokers and hedge funds and in a Securities and Exchange Commission federal court case filed in April in New York against one brokerage and several individuals.
Plan sponsors do not realize that the brokerage affiliates of consultants are some of the largest soft dollar and commission recapture firms out there.
Tell your fund clients they should be involved in a commission recapture program and then recommend they use your affiliated brokerage.
FORBES: The Duty To Investigate Pension Consultant Conflicts (September 1, 2001)
Last year the Securities and Exchange Commission charged SharesPost with failing to register as a securities brokerage.
In the past week, the China Securities Regulatory Commission, the country's top securities watchdog, has instructed brokerage and fund-management firms across the country to examine their bond-trading books for irregularities.
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