Prohibition on payment of incentives bars offering direct or indirect incentives to IPO applicants, except fees or commissions. Any person connected with an issue is prohibited from offering any incentive, whether direct or indirect and whether in cash, kind, services or otherwise, ... Summary
Prohibition on payment of incentives bars offering direct or indirect incentives to IPO applicants, except fees or commissions.
Any person connected with an issue is prohibited from offering any incentive, whether direct or indirect and whether in cash, kind, services or otherwise, to any person for making an application in an initial public offer. The only permitted payments are fees or commission for services rendered in relation to the issue.
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