Abstract:Purpose -To describe and analyze in detail an Interpretive Release (the ''2006 Interpretation'') approved on July 12, 2006 by the US Securities and Exchange Commission (''SEC'') regarding the soft dollar safe harbor under Section 28(e) of the Securities Exchange Act of 1934.Design/methodology/approach -Following a brief discussion of the history of soft dollars, describes and analyzes in greater detail relevant aspects of the 2006 Interpretation, including an explanation of the three-part test concerning the u… Show more
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