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New FINRA IPO Rules on Spinning and Market Orders Effective from September 26, 2011
Practical Law Legal Update 6-508-3879 (Approx. 3 pages)
New FINRA IPO Rules on Spinning and Market Orders Effective from September 26, 2011
by PLC Corporate & Securities
| Published on 22 Sep 2011 • USA (National/Federal) |
The prohibition on spinning contained in FINRA Rule 5131(b) and the rule on market orders contained in FINRA Rule 5131(d)(4) become effective on September 26, 2011.