Exemptive Letters

FINRA publishes letters or summaries of its letters in response to requests for exemption. We do this to assist industry professionals in understanding the rationale for our decisions. Please note that the decisions apply to the specific situations described. FINRA has not attempted to publish letters covering every rule for which an exemption can be granted.

Date Title Topicsort ascending
May 16, 2016 Michael McGuire, Tradeweb Direct LLC Trade Reporting Obligation for Certain Transactions on an Alternative Trading System – FINRA Rule 6732
Jun 9, 2016 William Vulpis, KCG BondPoint Trade Reporting Obligation for Certain Transactions on an Alternative Trading System – FINRA Rule 6732
Jul 27, 2016 Thomas S. Vales, TMC Bonds L.L.C. Trade Reporting Obligation for Certain Transactions on an Alternative Trading System – FINRA Rule 6732
Aug 9, 2016 Joshua Hershman, Trumid Financial LLC Trade Reporting Obligation for Certain Transactions on an Alternative Trading System – FINRA Rule 6732
May 5, 2015 Kevin O’Connor, Picard Kentz & Rowe LLP New Issue Allocations and Distributions – FINRA Rule 5131
Jan 7, 2014 Venu Palaparthi, NPM Securities LLC Trade Reporting Obligation for Certain Alternative Trading Systems – FINRA Rules 6183, 6625 and 6731
Mar 1, 2012 Michael R. Modeski, OTC Link LLC Trade Reporting Obligation for Certain Alternative Trading Systems – FINRA Rules 6183, 6625 and 6731
Apr 3, 2007 Louis J. Karcher, Pipeline Trading Systems LLC Short Sale Rule - NASD Rule 5100
Dec 3, 2004 Dana G. Fleischman, Esq., Cleary, Gottlieb, Steen & Hamilton Restrictions on the Purchase and Sale of Initial Equity Public Offerings - NASD Rule 2790
Oct 18, 2005 Noel M. Gruber, Esq. Restrictions on the Purchase and Sale of Initial Equity Public Offerings - NASD Rule 2790
Feb 3, 2006 Bruce E. Lee, Esq. Restrictions on the Purchase and Sale of Initial Equity Public Offerings - NASD Rule 2790
Nov 9, 2006 Marianne McKeon, Esq., Dewey Ballantine LLP Restrictions on the Purchase and Sale of Initial Equity Public Offerings - NASD Rule 2790
Jul 23, 2015 Amy Natterson Kroll, Morgan, Lewis & Bockius LLP Restrictions on the Purchase and Sale of Initial Equity Public Offerings - FINRA Rule 5130
Dec 7, 2010 Edward A. Kwalwasser, Proskauer Rose LLP Restrictions on the Purchase and Sale of Initial Equity Public Offerings - FINRA Rule 5130
Nov 2, 2012 Christopher M. Wells, Proskauer Rose LLP Restrictions on the Purchase and Sale of Initial Equity Public Offerings - FINRA Rule 5130
Feb 28, 1997 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
Feb 11, 2015 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
Feb 28, 1997 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
Feb 28, 1997 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
May 21, 2015 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
Jan 27, 1997 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
Jan 7, 1997 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
Dec 14, 2015 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
May 13, 1996 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37
Jan 28, 2016 Name Not Public Political Contributions and Prohibitions on Municipal Securities Business - MSRB Rule G-37

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