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.)
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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
:MCB UP Ltd
Copyright © 2000, MCB UP Limited