MutualFundWire.com: Cox to Take a Hard Line on Soft Dollars?
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Monday, July 28, 2008

Cox to Take a Hard Line on Soft Dollars?


The SEC has set a date to talk soft dollars. Wednesday, the regulatory agency will hold a meeting to consider whether to issue guidance to fund boards regarding the use of fund brokerage commissions to purchase brokerage and research services. With his term winding down, Chris Cox is thinking legacy, finally getting a rule passed on soft dollars would be a coup as it has been an issue on the SEC's plate for years now. The complete meeting notice follows for anyone wanting to stop by and put in their two cents.



Meeting Notice

Sunshine Act Meeting.

Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Pub. L. 94-409, that the Securities and Exchange Commission will hold an Open Meeting on July 30, 2008 at 10:00 a.m., in the Auditorium, Room L-002.

The subject matter of the Open Meeting will be:

1. The Commission will consider whether to publish an interpretive release to provide guidance regarding the use of company web sites under the Securities Exchange Act of 1934 and the antifraud provisions of the federal securities laws.

2. The Commission will consider whether to publish for comment a proposed rule change by the Municipal Securities Rulemaking Board to establish the continuing disclosure service of the MSRB’s Electronic Municipal Market Access (EMMA) system. The Commission will also consider whether to propose amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 to enhance the disclosure of information regarding municipal securities.

3. The Commission will consider whether to issue proposed guidance to investment company boards of directors to assist them in fulfilling their oversight responsibilities with respect to an investment adviser’s trading of fund portfolio securities, including the use of fund brokerage commissions to purchase brokerage and research services.

At times, changes in Commission priorities require alterations in the scheduling of meeting items.

For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact:

The Office of the Secretary at (202) 551-5400.

Florence E. Harmon Acting Secretary

July 23, 2008


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