Regulatory Notice 11-43

FINRA Requests Comment on Proposed Amendments to Rule 5210 Regarding Publication of Indications of Interest

 

Comment Period Expired: October 21, 2011

Executive Summary

FINRA requests comment on proposed amendments to FINRA Rule 5210 to require that member firms receive a customer order in a security before displaying a quotation or indication of interest (IOI) in a way that purports to represent that the quotation or IOI originated with a customer. Similarly, a firm could not continue to display a quotation or IOI as representing a customer order once the customer order was executed or cancelled.

 

The text of the proposed amendments is in Attachment A to this Notice.
 
Questions concerning this Notice should be directed to Brant K. Brown, Associate General Counsel, Office of General Counsel, at (202) 728-6927.

View Full Notice PDF 118 KB


The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.


Comments By Date Received
Helvea Inc. (PDF 96 KB) 10/11/2011
Liquidnet, Inc. (PDF 799 KB) 10/18/2011
ITG Inc. (PDF 215 KB) 10/20/2011
Capital Research and Management Company (PDF 139 KB) 10/21/2011
STANY (PDF 325 KB) 10/21/2011
Security Traders Association (PDF 133 KB) 10/21/2011
JMP Securities (PDF 38 KB) 10/21/2011
Raptor Trading Systems (PDF 86 KB) 10/21/2011
SIFMA (PDF 110 KB) 11/9/2011