Law360
The SEC Should Let Broker-Dealers Unbundle Research Costs
June 11, 2019
The U.S. Securities and Exchange Commission is considering important questions concerning the regulation of research services provided by U.S. broker-dealers. Paradoxically, the issues arise because of a directive from the European Parliament commonly known as MiFID II. MiFID II requires European Union investment managers to unbundle research and execution costs, and will continue to impose this requirement for the foreseeable future.
Contacts

Capabilities
Suggested News & Insights
SEC Virtual Fireside Chat: Navigating Regulatory Change in Asset ManagementThursday, January 15, 2026Ian McGinley to Speak on FIA “Regulation and Development of Event and Prediction Markets” WebinarThursday, January 15, 2026Biotech Dealmaking – Regulatory Considerations for the Next Wave of Development-Stage Transactions – Program and Lunch @ JPM 2026Monday, January 12, 2026The Comprehensive Outbound Investment National Security Act of 2025 Updates the U.S. Outbound Investment Regime: Key TakeawaysJanuary 8, 2026Treasury Clarifies Outbound Investment Regulations with New FAQs on Publicly Traded Securities and the COINS ActJanuary 8, 2026CNBC Interview: Ian McGinley on the Rapid Growth of Prediction MarketsDecember 31, 2025
- Stay Up To DateSubscribe to Sidley Publications
- Follow Sidley on Social MediaSocial Media Directory
