The Securities and Exchange Commission will attempt to clear confusion surrounding soft-dollar arrangements this summer, it announced. SEC spokesman John Nester said the agency will issue final guidance about the rule following last year’s draft interpretive release to indicate what can and cannot be paid for with soft dollars, client money used by money managers to pay trading commissions. The use of soft dollars is legal, but the SEC has cracked down in recent years, fearing that they were being used abusively.
