SR-FINRA-2026-007

Proposed Rule Change to Exempt Specified Collective Trust Funds (“CTFs”) from FINRA Rules 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and 5131(b) (New Issue Allocations and Distributions - Spinning)

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to exempt specified collective trust funds (“CTFs”) from FINRA Rule 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and from paragraph (b) (Spinning) of FINRA Rule 5131 (New Issue Allocations and Distributions).

Title	Format - Size	Status
Text of the Proposed Rule Change	PDF - 372.41 KB	New

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Proposed Rule Change to Exempt Specified Collective Trust Funds (“CTFs”) from FINRA Rules 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and 5131(b) (New Issue Allocations and Distributions - Spinning)