Soft-dollar Q receive, following, standards, investment, only

dandman

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!