Proposed Rule Change to Adopt FINRA Rule 5270 (Front Running of Block Transactions) in the Consolidated FINRA Rulebook

Financial Industry Regulatory Authority, Inc. (“FINRA”) (f/k/a National Association of Securities Dealers, Inc. (“NASD”)) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt NASD Interpretive Material (“IM”) 2110-3 (Front Running Policy) as FINRA Rule 5270 and amend the rule in several ways to broaden its scope and provide further clarity into activity that FINRA believes is inconsistent with just and equitable principles of trade.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 1021.46 KB
Federal Register NoticePDF - 231.18 KB
Extension No. 1PDF - 25.97 KB
Response to CommentsPDF - 144.05 KB
Amendment No. 1 to Proposed Rule ChangePDF - 49.75 KB
Approval OrderPDF - 221.43 KB