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BC-2.10.15

Investment firm licensees may only accept goods and services under a soft dollar agreement if:

(a) The goods and services do not constitute an inducement;
(b) The goods and services are reasonably expected to assist in the provision of regulated investment activities to the investment firm licensee's clients;
(c) The agreement is a written agreement for the supply of goods or services described in Rule BC-2.10.14, and these goods and services do not take the form of, or include, cash or any other direct financial benefit; and
(d) The investment firm licensee makes adequate disclosures regarding the use of soft dollar agreements.
Amended: January 2007