MoeMoney Investment Advisers uses the services of two broker-dealers exclusively when it executes trades for...

Yes. Investment advisers are prohibited from receiving any soft dollar compensation whatsoever.

No. Investment advisers are entitled to receive soft dollar compensation from broker-dealers with which it has a relationship as long as they disclose this to their clients.

Yes. Although investment advisers are permitted to receive some forms of soft dollar compensation from broker-dealers with which it has a relationship, such as research or custodial services, other forms of soft dollar compensation, including the payment of overhead expenses,are prohibited.

Yes. Investment advisers are required to use more than two broker-dealers when executing trades on its clients’ accounts.