Regulatory Notice 08-83

FINRA Requests Comment on Proposed FINRA Rule Regarding Front Running of Block Transactions; Comment Period Expired: February 6, 2009

Executive Summary

As part of the process of developing a new, consolidated rulebook (the Consolidated FINRA Rulebook), FINRA is requesting comment on proposals relating to FINRA’s Front Running Policy in NASD Interpretive Material (IM) 2110-3. The proposed amendments to the Front Running Policy include broadening the scope of the rule beyond certain options and security futures to other types of derivatives, financial instruments and financial contracts, as well as adopting Supplementary Material to the rule to codify exceptions to the prohibitions.

 

The text of the proposed rule is set forth in Attachment A.


Questions concerning this Notice should be directed to the Office of General Counsel at (202) 728-8071.

 

 

The comment period was extended to February 27, 2009.

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The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.


Comments By Date Received
Plexus Consulting LLC (PDF 98 KB) 1/21/2009
SIFMA (PDF 98 KB) 2/27/2009
NYSE Regulation (PDF 133 KB) 7/28/2009