Finally, on the brokerage front, it appears that investigations into mutual fund marketing practices, such as directing commissions to brokers that sell fund shares, may have an impact upon institutional commission rates.

FORBES: Emerging New Fiduciary Trends and Developments: Systems of Mass Deception vs. Systems of Enhanced Diligence (September 1, 2003)

Their marketing materials state that if pensions do not become involved in directing their brokerage, they are not fulfilling their fiduciary duty.

FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)