SEC Approves Amendment to Simplify FINRA Spinning Provisions | Practical Law

SEC Approves Amendment to Simplify FINRA Spinning Provisions | Practical Law

An update on the SEC approval of a proposed amendment to FINRA Rule 5131 (New Issue Allocations and Distributions) to simplify the spinning provisions and delay the date to implement Rule 5131(b) and Rule 5131(d)(4). 

SEC Approves Amendment to Simplify FINRA Spinning Provisions

Practical Law Legal Update 5-506-1632 (Approx. 2 pages)

SEC Approves Amendment to Simplify FINRA Spinning Provisions

by PLC Corporate & Securities
Published on 19 May 2011 • USA (National/Federal)
An update on the SEC approval of a proposed amendment to FINRA Rule 5131 (New Issue Allocations and Distributions) to simplify the spinning provisions and delay the date to implement Rule 5131(b) and Rule 5131(d)(4).