A new amendment proposed by the NASD would give fund firms more leeway in wooing potential clients but also slap on some new restrictions as well. Ignites reports that the amendment to NASD Rule 3060 would get rid of some of the restrictions on entertainment functions provided to clients and prospective clients valued at more than $100. The part of the proposed change that fund firms will be keenly interested in is the part that lets firms pay to entertain clients even if no rep from the fund is present. The trade off for the new leeway is that fund firms must adopt guidelines on gifts and entertainment for employees.  

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