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Industry News & Trends
Last 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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