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 Titlesort descending Topic
Jul 23, 2015 Amy Natterson Kroll, Morgan, Lewis & Bockius LLP Restrictions on the Purchase and Sale of Initial Equity Public Offerings - FINRA Rule 5130
Feb 3, 2006 Bruce E. Lee, Esq. Restrictions on the Purchase and Sale of Initial Equity Public Offerings - NASD Rule 2790
Nov 2, 2012 Christopher M. Wells, Proskauer Rose LLP Restrictions on the Purchase and Sale of Initial Equity Public Offerings - FINRA Rule 5130
Aug 31, 2000 Corporate Financing Department Corporate Financing Rule - NASD Rule 2710
Aug 11, 2000 Corporate Financing Department Distribution of Securities of Members and Affiliates - NASD Rule 2720
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
Dec 7, 2010 Edward A. Kwalwasser, Proskauer Rose LLP Restrictions on the Purchase and Sale of Initial Equity Public Offerings - FINRA Rule 5130
May 16, 2001 John W. Marcus, PIBC Securities LLC Fidelity Bonds - NASD Rule 3020
Nov 29, 1999 Joseph D. Fashano, Credit Suisse First Boston Corporation Distribution of Securities of Members and Affiliates - NASD Rule 2720
Aug 9, 2016 Joshua Hershman, Trumid Financial LLC Trade Reporting Obligation for Certain Transactions on an Alternative Trading System – FINRA Rule 6732
Jun 14, 1999 Judith G. Belash, Esq., Goldman, Sachs & Co. Distribution of Securities of Members and Affiliates - NASD Rule 2720
May 29, 1998 Kenneth W. Perlman, Mayer & Schweitzer, Inc. Best Execution and Interpositioning - NASD Rule 2320(g)(2)
May 5, 2015 Kevin O’Connor, Picard Kentz & Rowe LLP New Issue Allocations and Distributions – FINRA Rule 5131
Apr 7, 2000 Laurie L. Green, Esq., Akerman, Senterfitt & Eidson Corporate Financing Rule - NASD Rule 2710
Apr 3, 2007 Louis J. Karcher, Pipeline Trading Systems LLC Short Sale Rule - NASD Rule 5100
Jun 4, 2004 Marianne McKeon, Dewey Ballantine LLP Corporate Financing Rule - NASD Rule 2710
Nov 9, 2006 Marianne McKeon, Esq., Dewey Ballantine LLP Restrictions on the Purchase and Sale of Initial Equity Public Offerings - NASD Rule 2790
May 16, 2016 Michael McGuire, Tradeweb Direct LLC Trade Reporting Obligation for Certain Transactions on an Alternative Trading System – FINRA Rule 6732
Mar 1, 2012 Michael R. Modeski, OTC Link LLC Trade Reporting Obligation for Certain Alternative Trading Systems – FINRA Rules 6183, 6625 and 6731
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

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