Under age-old rules that the commission would change, lawyers are not permitted to share fees with other professionals.
Owning a bank will enable it to offer products without having to share fees with a partner.
And, many lawyers believe accountants and lawyers have such different responsibilities that they should never be allowed to share fees.
Their objective was to share fees with the lawyers in the network.
These rules prohibit lawyers from sharing fees with people who are not lawyers.
It is considered unethical for lawyers to share fees with nonlawyers because the practice could drive up costs for consumers.
They and other banks that process the credit-card paperwork also share fees that they charge the merchants who accept the cards.
In all three deals, the defendants shared all the profits and fees with Mr. Cohen, who received half the money.
He said that while a major company is usually the senior manager of a bond sale, several smaller companies may share the sales and fees.
New York State generally bars doctors from sharing fees with people who are uninvolved with a patient's medical care.