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.

DateTitleFormat - SizeStatus
5/17/2012Text of Proposed Rule ChangePDF - 1021.46 KB
6/8/2012Federal Register NoticePDF - 231.18 KB
7/17/2012Extension No. 1PDF - 25.97 KB
8/29/2012Response to CommentsPDF - 144.05 KB
8/30/2012Amendment No. 1 to Proposed Rule ChangePDF - 49.75 KB
9/10/2012Approval OrderPDF - 221.43 KB