2.3.2. Restrictions on Member Compensation
Compensation received for the sale and distribution of pooled investment vehicles, such as variable annuities, mutual funds, and DPPs, is strictly regulated to prevent incentivizing brokers to sell an issuer’s or sponsor’s product against their customer’s best interest.
In connection with the sale and distribution of pooled investment vehicles, no associated person shall accept any compensation from anyone other than the member firm for which that person is employed, unless a