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1994 SESSION

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HB 447 Virginia Retirement System; direct brokerage transactions.

Introduced by: Franklin P. Hall | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Retirement System; direct brokerage transactions. Expresses a preference for brokerage firms that are domiciled in Virginia and to Virginia offices of out-of-state brokerage firms for conducting directed brokerage transactions, including but not limited to the purchase and sale of authorized investments. Such preference may be exercised only if the "in-state" firm meets the test of providing equal service and best execution.


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