For now, proposals to overhaul the safe-harbor provision are just those proposals. A top
"We should not be taking rash action or taking action which has unintended consequences," said Larry Bergmann, the Commissions senior associate director "We hope to report to [Chairman William Donaldson] by the end of the year."
Addressing 1,000 people in a New York "soft dollar" conference sponsored by the Securities Industry Association, Bergmann was not the only one predicting a longer wait for soft dollar rule adjustments. The SIAs vice president of government affairs, Rachel Robinson, said any Congressional action is "not likely" in 2004.
Several firms, including