For now, proposals to overhaul the safe-harbor provision are just those – proposals. A top Securities and Exchange Commission official said Thursday that 2005, not 2004, will be the year where the practice of using soft money for stock research and trading commissions might end, Reuters reports.

"We should not be taking rash action or taking action which has unintended consequences," said Larry Bergmann, the Commission’s senior associate director "We hope to report to [Chairman William Donaldson] by the end of the year."

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