A Dealer Member may not charge a client directly for services rendered to the managed account, that is:
based upon the volume or value of transactions in the account initiated for the account, or
- contingent upon profit or performance of the client’s account,
- unless the client has provided the Dealer Member with a written agreement which sets out the manner in which the fees may be charged based on volume or value of transactions or contingent upon profit or performance.
- A Dealer Member must not compensate a person referred to in section 3279, on the basis of the value or volume of transactions in the account.
3282. - 3299. Reserved.