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One reformer, Massachusetts Financial Services (MFS), has been especially energetic, having settled charges of market timing and of failure to disclose that it used brokerage commissions to pay for marketing.
He is also seeking an appraisal of soft dollars, the use of commissions to pay for things like research or office space, what the committee called "one of the worst examples of undisclosed conflicts of interest".
Goldman Sachs -- unlike Merrill Lynch; Morgan Stanley and Salomon Smith Barneyy, a Citigroup unit -- lacks a retail network of brokers who can provide a stream of commissions to pay for its research.
The commission said that would take the form of amending a law passed in 1975 that created a "safe harbor" for money managers who did not seek the lowest commission costs but instead used the commissions to pay for certain services.
Sotheby's Holdings earned enough in commissions to pay Diana Dede Brooks Dianana "Dede" Brooks $1.2 million annually in salary and bonuses, and possibly tens of millions more from stock options.
Starting next year, the company will disclose portfolio holdings every month, with a 30-day lag, and eliminate "soft dollars," or directed brokerage commissions, to pay for research and services.
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Five percent of the fund is diverted to the compensation commission to pay off the reparations.
Senator Charles Grassley of Iowa, for example, has threatened to require the commission to pay the administrative costs of reducing sentences out of its budget.
European regulators had argued that the government paid too much, in effect giving ING a subsidy, and as part of the October deal, the bank agreed with the commission to pay more for the guarantee.
He also continued to run the British diplomatic mission in Freetown; the high commission continued to pay its local staff and began smuggling food and money into Sierra Leone.
Mr. Lewandowski said that if the commission failed to pay for some projects then it could be sued for breach of contract.
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