NEW YORK - The Securities and Exchange Commission's proposed interpretive release on soft dollars has been on the comment block for a good three months now, which is a good two months beyond its intended period, and most industry experts are fairly confident that it will be affirmed in its current form.

SEC officials could not provide a status on the rule last week, although they did note that an open meeting, typically the next step in adopting a rule amendment, has not been scheduled.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.