Paul Mahoney, distinguished professor of law at the University of Virginia, joins the Business Scholarship Podcast to discuss his forthcoming article Soft Dollars, Hard Choices: Reconciling US and EU Policies on Sell-Side Research. In this article, Mahoney discusses the quandary U.S. broker-dealers find themselves in with respect to the EU’s MiFID II rule banning the bundling of brokerage services and sell-side research, on one hand, and the U.S. regulatory schemes for broker-dealers and investment advisers, on the other. He proposes a U.S. regulatory approach that allows broker-dealers to remain compliant with the two jurisdictions’ contradictory rules.