1- If an investment firm do not choose to conform with Soft-dollar standards, however they still have arrangements with brokers (They still receive softdollar). Do they have to comply with all requirements: 'research' use only and documentation;
2- Can you clarify the following: "Allocate research cost based on expected usage for mixed-use research"
Thank you!作者: neil1234 时间: 2011-7-13 16:11
Don't know question 1, but don't think it'll show up on the exam (99% sure they will say, so and so works for a firm who wants to comply with Soft Dollar Standards).
Question 2 - You can only use soft-dollars to pay for the portion of an asset that assists in the investment decision-making process.
So if you have a computer that you use half the time for browsing and half the time for doing stock analysis for your portfolios, then you can only pay for 50% of it with soft dollars.作者: President1988 时间: 2011-7-13 16:11
