Series 66: 9.4.16.3. Look-Back Provision

Taken from our Series 66 Online Guide

9.4.16.3. Look-Back Provision

The “pay to play” rule contains a look-back provision which requires advisers to look back when determining whether a covered associate has triggered the ban on advisory business.

A contribution will trigger the ban if it was made within:

Two years prior to the date the individual became a covered associate, in the case of covered associates who solicit clients for the adviser

or

Six months prior to the date the individual became a covered associate, in the case of covered associates who do not solicit clien

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