---
title: "Table an adviser's or representative's pay against the opened conduct rules"
url: "https://ailawframework.com/practice/financial-services-regulation/review-an-adviser-or-representative-remuneration-arrangement-for-conflic/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A28-X20261018-6-US"
practice_area: "Financial Services Regulation (AFSL/ASIC/credit)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Table an adviser's or representative's pay against the opened conduct rules

> Extract who pays whom, for what service, and any written disclosure of capacity the file contains, with page cites. Do not say the pay is prohibited.

Canonical page: https://ailawframework.com/practice/financial-services-regulation/review-an-adviser-or-representative-remuneration-arrangement-for-conflic/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Financial Services Regulation (AFSL/ASIC/credit)](https://ailawframework.com/practice/financial-services-regulation.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Extract who pays whom, for what service, and any written disclosure of capacity the file contains, with page cites. Do not say the pay is prohibited. |
| What the lawyer must review | 15 U.S.C. § 80b-6(3) makes it unlawful for an investment adviser, acting as principal for its own account, knowingly to sell a security to or buy a security from a client, or, acting as broker for someone else, knowingly to effect a sale or purchase for the client's account, without disclosing in writing before the transaction is completed the capacity in which the adviser is acting and obtaining the client's consent. The same paragraph says that prohibition does not apply to a transaction with a customer of a broker or dealer if the broker or dealer is not acting as an investment adviser in that transaction. Regulation Best Interest, 17 C.F.R. § 240.15l-1, is a broker-dealer rule for recommendations to retail customers: the recommendation must not place the broker-dealer's interest ahead of the retail customer's, judged against that customer's investment profile. There is no single federal ban in the form of the Australian conflicted-remuneration provisions. You decide which rule applies. |
| Written for | United States |
| Applies to | [Review an adviser or representative remuneration arrangement for conflicted remuneration](https://ailawframework.com/practice/financial-services-regulation/review-an-adviser-or-representative-remuneration-arrangement-for-conflic.md) |

## Checking plan

- What the AI does: Extract who pays whom, for what service, and any written disclosure of capacity the file contains, with page cites. Do not say the pay is prohibited.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Section 80b-6 applies to an investment adviser. Regulation Best Interest applies to a broker or dealer recommendation to a retail customer.
- The investment profile in § 240.15l-1 includes age, other investments, financial situation and needs, tax status, objectives, experience, time horizon, liquidity needs and risk tolerance, and other information the customer discloses.

## Sources

- [15 U.S.C. § 80b-6, prohibited transactions by investment advisers](https://www.law.cornell.edu/uscode/text/15/80b-6) (checked 2026-10-22)
- [17 C.F.R. § 240.15l-1, Regulation Best Interest](https://www.law.cornell.edu/cfr/text/17/240.15l-1) (checked 2026-10-22)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [Review a benefit against the conflicted remuneration provisions that were opened](https://ailawframework.com/precedents/financial-services-regulation/conflicted-remuneration-review.md) | Checklist | Yellow | Worksheet for a benefit against sections 963A, 963E and 963J of the Corporations Act 2001. The rest of the Division, including the exceptions, was not opened. |
| [Regulation Best Interest conflict procedures checklist](https://ailawframework.com/precedents/financial-services-regulation/us-reg-bi-conflict-procedures.md) | Checklist | Yellow | Checklist for the written conflict procedures in Rule 15l-1(a)(2)(iii), including the elimination of specified sales contests. It does not clear a remuneration arrangement. |

Signed-in accounts can read the full text of each one.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*