For updates and guidance related to COVID-19 / Coronavirus, click here.
IM-2310-1. Possible Application of SEC Rules 15g-1 through 15g-9
This rule is no longer applicable. NASD IM-2310-1 has been superseded by FINRA Rule 2111. Please consult the appropriate FINRA Rule.
Members should be aware that any transaction that involves a non-exchange-listed equity security trading for less than five dollars per share may be subject to the provisions of SEC Rules 15g-1 through 15g-9, and those Rules should be reviewed to determine if an executed customer suitability agreement is required.
Accounts opened, and recommendations made, prior to January 1, 1991 remain subject to former Article III, Sections 2 and 21(c) of the Rules of Fair Practice as previously in effect, as set forth in Notice to Members 90-52 (August 1990).
|Amended by SR-NASD-2005-087 eff. Aug. 1, 2006|