SIE: Look-Back Provision

Taken from our SIE Online Guide

Look-Back Provision

The pay to play rule contains a look-back provision that requires dealers and advisors to look back when determining whether an associated person has triggered the ban on securities business.

A contribution will trigger the ban if it was made within two years prior to the date the individual became an MFP.

Sample Question

While working at a Starbucks, Jenny contributes

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Since you're reading about SIE: Look-Back Provision, you might also be interested in:

Series 63 - Chapter Two: Regulation of Broker-Dealers and Agents

Series 3 - Exercise

Series 14 - 5.1.5. Written Supervisory Procedures

Series 28 - Clearing: Trade Comparison and Trade Confirmations

Series 51 - Municipal Securities Representative (Series 52)

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