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8311. Effect of a Suspension, Revocation, Cancellation, Bar or Other Disqualification
• • • Supplementary Material: --------------
.01 Remuneration Accrued Prior to Effective Date of Sanction or Disqualification. Notwithstanding this Rule, a member may pay or credit to a person that is subject of a sanction or disqualification salary, commission, profit or any other remuneration that the member can evidence accrued to the person prior to the effective date of such sanction or disqualification; provided, however, the member may not pay any salary, commission, profit or any other remuneration that accrued to the person that relates to or results from the activity giving rise to the sanction or disqualification, and any such payment or credit must comply with applicable federal securities laws.
|Amended by SR-FINRA-2014-037 eff. Aug. 24, 2015.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Amended by SR-NASD-97-81 eff. Jan. 16, 1998.
Adopted by SR-NASD-97-28 eff. Aug. 7, 1997.
Selected Notices: 08-57, 15-07.
- Regulatory Notice 15-07March 20, 2015
- Regulatory Notice 11-33July 22, 2011
- Regulatory Notice 09-69December 02, 2009