View all questions & answers for the 3I0-012 exam
A broker offers a dealer a financial incentive in the form of a price reduction to the previously agreed brokerage arrangements between the firms.
This is considered as a normal discount for bulk business.
The offer should be agreed only by directors or senior management on each side and should be recorded in writing.
The offer should be expressly approved by both the individuals concerned and clearly recorded in writing.
The Model Code strongly discourages such practices.
Submit