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Industry News & TrendsLast Call for Soft Dollars?Last Call for Soft Dollars?
MFS Investment Management and Morgan Stanley's announcements in March that they will no longer pay soft dollars to brokerages for third-party research might be the snowflake that causes an avalanche. Many observers believe the announcements signal that a vital broker/dealer revenue stream is about to evaporate, with unknown consequences on brokers' pockets. While it's true that brokers eat what they
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