For updates and guidance related to COVID-19 / Coronavirus, click here.
IM-8310-1. Effect of a Suspension, Revocation, Cancellation, or Bar
This rule is no longer applicable. NASD IM-8310-1 has been superseded by FINRA Rule 8311. Please consult the appropriate FINRA Rule.
If the Association or the Commission issues an order that imposes a suspension, revocation, or cancellation of the registration of a person associated with a member or bars a person from further association with any member, a member shall not allow such person to remain associated with it in any capacity, including a clerical or ministerial capacity. If the Association or the Commission suspends a person associated with a member, the member also shall not pay or credit any salary, or any commission, profit, or other remuneration that results directly or indirectly from any securities transaction, that the person associated with a member might have earned during the period of suspension.
Amended by SR-NASD-97-81 eff. Jan. 16, 1998.
Adopted by SR-NASD-97-28 eff. Aug. 7, 1997.