SOFT DOLLARS, MiFID II & OTHER TRADING ACTIVITIES
This advanced law course provides an in-depth analysis of soft dollars, MiFID II, and their implications for trading activities in the financial industry. The course covers the historical background of soft dollars, the evolution of MiFID II, and the impact of both on asset management, brokerage services, and research provision. Students will examine key regulatory provisions, enforcement actions, and industry best practices, while exploring the ethical and fiduciary considerations involved. The course also addresses alternative trading systems, dark pools, and the effects of MiFID II on trading practices.
Course Objectives:
By the end of this course, students will be able to:
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Understand the concept of soft dollars and its role in the asset management and brokerage industry.
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Analyze the key provisions and objectives of MiFID II and their implications for investment firms, brokers, and asset managers.
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Identify potential conflicts of interest arising from soft dollar practices and evaluate the ethical considerations involved.
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Examine the concept of best execution under MiFID II and the fiduciary duty of investment managers.
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Assess the impact of MiFID II on soft dollars, research unbundling, and the future of research coverage and investment strategies.
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Compare soft dollar regulations and practices in different jurisdictions and analyze the challenges and opportunities for global investment firms.
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Understand the functioning of alternative trading systems, dark pools, and the regulatory requirements for their operators.
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Apply the knowledge acquired to real-world case studies and develop effective strategies to comply with regulatory expectations and industry best practices.