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Mutual Fund Breakpoint Aggregation: How Well Do You Know Your Customer?Product Type: Market Research ReportPublished by: TowerGroup Published: June 2003 Product Code: R301-0346 Description Broker/dealers are reeling from an onslaught of new regulatory requirements that are taxing systems, budgets, and people. As firms try to recover from a rash of recent scandals, results of a joint NASD/SEC/NYSE study have been released identifying what appears to be a serious flaw in the ability of broker/dealers to accurately assess front-end loaded sales charges on mutual funds.Table of Contents Vision Business Drivers Implications Breakpoints and Load Waivers Summary Findings of the Joint SEC, NASD, NYSE Examinations The Firm’s Responsibility The Individual Broker’s Responsibility Impact Technology Implications of the Breakpoint Issue Challenges Conclusion |
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