Series 65: 10.11.16.3. Look-Back Provision

10.11.16.3. Look-Back Provision

The pay to play rule contains a look-back provision, which requires advisers to look back when determining whether a covered associate has triggered the ban on advisory business.

A contribution will trigger the ban if it was made within:

• Two years prior to the date the individual became a covered associate, in the case of covered associates who solicit clients for the adviser

• Six months prior to the date the individual became a covered associate, in the case of covered associates who do not sol