May 21, 1991
TO: INVESTMENT ADVISER MEMBERS NO. 17-91
INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 19-91
BROKER/DEALER ADVISORY COMMITTEE NO. 16-91
RE: SEC OUTLINE ON SOFT DOLLARS
__________________________________________________________
Attached for your information is an outline recently
prepared by members of the SEC's Division of Market Regulation on
soft dollars. The outline describes the background, staff
interpretive positions and current issues relating to soft
dollars.
Amy B.R. Lancellotta
Assistant General Counsel
Attachment