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GAO Report: Greater Transparency Needed in Disclosures to Mutual Fund Investors
U.S. Government Accountability Office [GAO] Link to more items from this source
June 19, 2003
73 pages. "Soft dollar arrangements allow investment advisers of mutual funds to use part of the brokerage commissions paid to broker-dealers that execute trades on the fund's behalf to obtain research and brokerage services ... Industry participants said that soft dollars allow fund advisers access to a wider range of research.... However, others were concerned that these arrangements can create conflicts of interest between investment advisers and investors[.]" [GAO-03-763, published Jun. 9, 2003, released Jun. 16, 2003]

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