Most independent researchers would close without soft dollars

Up to 70% of independent research firms would consider exiting the business if the SEC bans the use of soft dollars, according to a survey by the Investorside Research Association. Almost all firms surveyed were already being affected by the possibility of soft-dollar regulation, with 65% having postponed hiring or having laid off workers because of it. Investorside is a group that represents 75 independent research firms.