710 IAC 4-6-1
710 IAC 4-6-1 Maximum commissions
Cite as Ind. Admin. Code tit. 710, r. 4-6-1
Sec. 1. Commissions allowable to broker-dealers and underwriters must in every instance be reasonable and justified and in no case shall
exceed twelve and one-half percent (12 1/2%) of the offering price of the security. The following will be considered as commissions for the purpose
of this section:
(1) Options, warrants, and other transactions or conversion rights reserved or granted in connection with the sale of
securities.
(2) Payment of the underwriter's expenses incident to the offering, including advertising, traveling, and promotional
expenses.
(3) Any other thing of value accruing to the broker-dealer or underwriter.