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SR-NASD-2005-040

Proposed Rule Change to Amend Rule 2860

NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend Rule 2860 to increase certain options position limits for a pilot period and to expand the available equity option hedge exemptions to include "reverse collars." 

 
Text of Proposed Rule Change PDF 83 KB
Notice of Filing and Immediate Effectiveness PDF 60 KB