Hello guys, I just started reading for the level II exams, beginning with ethics and find it utterly indepth. Erm… could someone help explain the meaning of direct comission business e.g pg 35 of CFA curriculum talks about direct commision buiness to a New York brokerage house. I read on that online but got no good explanation. thanks
dont have the book in front of me but “direct commissions” are commissions you pay to a broker…can you give a little more detail thanks.