Series 24: 2.3.2. Restrictions On Member Compensation

Taken from our Series 24 Online Guide

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 all of the following conditions apply:

• The ar

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