Regulatory Notice 11-29

Frequently Asked Questions on Market Orders and Delayed Implementation Date for FINRA Rule 5131(b) and (d)(4)

Executive Summary

FINRA Rule 5131 sets forth detailed regulatory requirements for the allocation of new issues. This Notice announces a new implementation date of September 26, 2011, for the provisions under Rule 5131 that govern spinning and market orders and provides interpretive guidance concerning the acceptance of market orders

 

The text of the rule can be found in the online FINRA Manual.

 

Questions regarding this Notice should be directed to Racquel L. Russell, Assistant General Counsel, Office of General Counsel, at (202) 728-8363.