SEC to extend Mifid exemption for US brokers’ research

Financial Times – In a story about the SEC extending no-action relief on MiFID II, Healthy Markets Executive Director Tyler Gellasch is quoted stating that “If accurate, this would be a huge — albeit temporary — reprieve for the largest banks, who have been resisting unbundling for decades.” “The SEC would be effectively ensuring that many US pensioners and other investors will continue to pay for research without knowing how much they’re paying or even whether the research they’re buying benefits them.”(Full Story).

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