Closed-end Funds Concessions. For new issues of closed-end funds, LPL may be paid a dealer concession from the issuer or underwriter for assistance in the distribution of the fund. The dealer concession is typically 3.5% to 4% of the purchase amount.
Appears in 7 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
Closed-end Funds Concessions. For new issues of closed-end funds, LPL may be paid a dealer concession from the issuer or underwriter for assistance in the distribution of the fund. The dealer concession is typically 3.5% to 4% of the purchase amount. This compensation is shared between LPL and your Representative.
Appears in 1 contract
Samples: Brokerage Account Agreement
