Volume 1 / Issue 4
HERE’S THE THING!
Does it bother you that dealing commissions are used to pay for investment research?
Fifteen years ago, Paul Myners challenged the UK investment industry at several different levels on its lack of transparency. His work yielded some positive regulatory change across Europe, most immediately in the form of MiFID I (Markets in Financial Instruments Directive). MiFID I promised transparency regarding the use of dealing commissions to pay for investment research.
Today, almost 12 years later, not much has changed.
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