neil1234

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.