LONDON -- Last month’s proposals from the UK’s Financial Services Authority (FSA) would effectively curtail the extent to which brokers and fund managers can negotiate ‘soft commissions’ and ‘bundling’ services. The proposals are likely to have far-reaching consequences on the buy side.
The financial regulator proposed that "fund managers would no longer be able to incur costs for services additional to dealing without the customer’s express agreement", in a press release on April 7. The doc
The SEC takes a definitive stance on the status of cryptocurrencies; the idea of privacy consistently changes with the introduction of new technologies.Subscribe to Weekly Wrap emails