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2011 mock exam morning Q6

这边的definition of soft dollar arrangement错了具体是只哪一句?是这句么?‘we believe we exceed industry...soft dollar standard.??怎么理解呢?

 

谢谢~~~~

soft dollar brokerage refers to transaction conducted on an agency basis.
我以为brokerage不是指交易,而应是交易产生的佣金。所以定义有误。

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我觉得是最后那句话有问题吧: since the research is proprietary,we are not required to disclose our use of soft dollars. 应该是must disclose the types of research received through proprietary or third-party research,the extent of its use.

 

不知道理解的对不对

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