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Interpretive Release

Commission Guidance Regarding Client Commission Practices Under Section 28(e) of the Securities Exchange Act of 1934

Public Comments

Overview

The Securities and Exchange Commission is publishing this interpretive release with respect to the scope of "brokerage and research services' and client commission arrangements under Section 28(e) of the Securities Exchange Act of 1934 ("Exchange Act'). The Commission is soliciting further comment on client commission arrangements under Section 28(e).

Last Reviewed or Updated: July 18, 2006