Prohibition on incentives bars offering direct or indirect inducements for applications in the initial public offer, except fees or commissions. Any person involved in distribution of a public issue is prohibited from offering incentives, direct or indirect, in cash, kind, services or otherwise to ... Summary
Prohibition on incentives bars offering direct or indirect inducements for applications in the initial public offer, except fees or commissions.
Any person involved in distribution of a public issue is prohibited from offering incentives, direct or indirect, in cash, kind, services or otherwise to induce applications in the initial public offer; only fees or commission for services rendered in relation to the issue are permitted as an exception.
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