The greater the commissionrate the pension client approves, the more the broker gets paid and the more money the manager has to spread around to accomplish his multiple objectives.
Finally, despite the fact that the most industry commentators were opposed to the proposal, the new amendments require a mutual fund that invests more than 10 percent in equities to disclose the average commissionrate paid by the fund.
Although the U.S. Postal Service is ostensibly independent of the federal government, in fact the Postal RateCommission, which in December became the Postal Regulatory Commission, appointed by the president, sets all postal rates.