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NASD Proposes Changes to Rule 2710 on Treating Securities as Underwriting Compensation

Dennis C. Hensley (Counsel with the law firm of Brown & Wood LLP in New York City.)

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 1 March 2000

Abstract

The NASD has had a rule in place governing underwriting compensation, but with the expanded pace and types of services available, defining what falls into this category has proven problematic. Thus the NASD has proposed a new rule, the roots of which are discussed in this article. Also this proposed Rule 2710 is compared and contrasted with the old rule. There is also a very thorough discussion of safe harbors that might be relied on.

Citation

Hensley, D.C. (2000), "NASD Proposes Changes to Rule 2710 on Treating Securities as Underwriting Compensation", Journal of Investment Compliance, Vol. 1 No. 3, pp. 37-44. https://doi.org/10.1108/eb045885

Publisher

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MCB UP Ltd

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