Prohibition on payment of incentives bars offering any incentive to IPO applicants, except fees or commission for services. Prohibition on payment of incentives prohibits any person connected with the issue from offering any incentive, whether direct or indirect, in cash, kind, ... Summary
Prohibition on payment of incentives bars offering any incentive to IPO applicants, except fees or commission for services.
Prohibition on payment of incentives prohibits any person connected with the issue from offering any incentive, whether direct or indirect, in cash, kind, services or otherwise, to any person for making an application in the initial public offer, except for fees or commission for services rendered in relation to the issue.
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