3310. Publication of Transactions and Quotations
This rule is no longer applicable. NASD Rule 3310 has been superseded by FINRA Rule 5210. Please consult the appropriate FINRA Rule.
No member shall publish or circulate, or cause to be published or circulated, any notice, circular, advertisement, newspaper article, investment service, or communication of any kind which purports to report any transaction as a purchase or sale of any security unless such member believes that such transaction was a bona fide purchase or sale of such security; or which purports to quote the bid price or asked price for any security, unless such member believes that such quotation represents a bona fide bid for, or offer of, such security. If nominal quotations are used or given, they shall be clearly stated or indicated to be only nominal quotations.
IM-3320, Firmness of Quotations