Why are the other organizations so afraid of transparency? What are they trying to hide?
Fidelity needs to be commended for opening up this area which has always mixed issues making it impossible to measure influences good and bad.
Onésimo Alvarez-Moro
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With great fanfare, Fidelity Investments announced recently that it would revolutionize how it paid Wall Street for research and trading by separating the cost of research from the cost of trading. Traditionally, trading and research costs have been tied together, making regulators and some fund directors nervous because it is not clear what exactly is included in an all-included price.
Because it was Fidelity - the mutual fund behemoth that pays about $1 billion in commissions to the Street - that announced the deal, it was assumed that such a deal would be trendsetting and industry-rattling.
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