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6160C. Obligation to Honor Trades

This rule is no longer applicable effective Jan. 1, 2009.

If a Participant is reported by the System as a party to a trade that has been treated as locked-in and sent to DTCC, notwithstanding any other agreement to the contrary, that party shall be obligated to act as a principal to the trade and shall honor such trade on the scheduled settlement date.

Adopted by SR-NASD-2006-108 eff. Nov. 27, 2006.

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