Updated Monday, July 28, 2014 as of 4:22 AM ET
Practice - Regulatory/Compliance
Brokering the Commission Split
Monday, October 1, 2012
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Though I am aware of the restrictions imposed on commission sharing with non-registered persons, my broker-dealer has communicated that a registered rep sharing commissions with other registered reps of the same broker-dealer is a prohibited practice, if not done through a "split code." I haven't been able to find a FINRA rule covering this aspect, and wanted to learn if you had an opinion on the matter.

-I.I., via email

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