*Letters

Guidance Relating the Duties and Responsibilities of Investment Company Boards of Directors

Published on:
October 1, 2008
Issue:
Committee:

SIFMA provides comments to the Securities and Exchange Commission (SEC) on SEC guidance regarding the duties and responsibilities of investment company Boards of Directors with respect to investment adviser portfolio trading practices, Release No. 34-58264, File No. S7-22-08.  SIFMA believes that the guidance does not set a proper context or perspective from which client commission and similar arrangements should be evaluated, and offers ways to change this.

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