Regulatory Notice 08-10
FINRA Announces Amendments to Make Permanent the Pilot Program Increasing Positions and Exercise Limits for Stock Options
On February 28, 2008, amendments to NASD Rule 2860 (Options) made permanent a pilot program increasing position and exercise limits for stock options. The amendments also revised the examples in NASD IM-2860-1 (Position Limits) that illustrate the operation of position limits.1 The amended rules are set forth in Attachment A.
Questions regarding this Notice may be directed to Gary L. Goldsholle, Vice President and Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8104; or Kathryn M. Moore, Assistant General Counsel, OGC, at (202) 974-2974.
1 See Securities Exchange Act Release No. 34-57413 (March 3, 2008), 73 FR 12487 (March 7, 2008) (Notice of Filing and Immediate Effectiveness of SR-FINRA-2008-007).