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Using brokerage from another client is sort of like stealing their soft dollars. I think the actual client can do whatever they want with their own soft dollars. The client could donate all their brokerage to a charity, now it would be a violation if you used somebody else brokerage to pay for research used later by that client just because he gave all of his away.



This is how i have it understood, not my greatest area here.



Edited 1 time(s). Last edit at Wednesday, June 2, 2010 at 12:14AM by justinkc.

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