Updated Friday, July 25, 2014 as of 2:48 AM ET
Practice - Regulatory/Compliance
Brokering the Commission Split
Monday, October 1, 2012

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

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

2014 Summer Reading List for Advisors

Current Issue

The June Issue is now online!


Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here