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People also ask
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What is the FINRA new issue rule?
"New issue" means any initial public offering (IPO) of an equity security as defined in Section 3(a)(11) of the Securities Exchange Act of 1934 made pursuant to a registration statement or offering circular, subject to some exceptions. See FINRA Rules 5130(i)(9) and 5131(e)(7).
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What is the 30 day rule for FINRA?
FINRA Rule 4530(b) requires a firm to report to FINRA within 30 calendar days after the firm has concluded, or reasonably should have concluded, on its own that the firm or an associated person of the firm has violated any securities, insurance, commodities, financial or investment-related laws, rules, regulations or ...
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What is the FINRA affiliate rule?
(1) An "affiliate" of a member shall mean any wholly owned subsidiary, parent, or sister of the member that is also a member.
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What is the FINRA 20 day exchange rule?
At least 20 days before the first scheduled hearing date, all parties must provide each other party with the names and business affiliations of all witnesses they intend to present at the hearing. At the same time, all parties must file their witness lists with the Director, with enough copies for each arbitrator.
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What is the FINRA trusted contact rule?
FINRA Rule 4512 (Customer Account Information) requires members to make reasonable efforts to obtain the name of and contact information for a trusted contact person (“trusted contact”) for a customer's account.
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What is the FINRA rule 5131 new issue?
FINRA Rule 5131(d)(4) prohibits a member from accepting a market order—whether from a customer of the firm, a customer of another broker-dealer or another broker-dealer—to purchase shares of a new issue in the secondary market prior to the commencement of trading of such shares in the secondary market.
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Does FINRA set the ex date for mutual funds?
The ex-date for a mutual fund distribution is set by which of the following parties? The Board of Directors sets ex-dates for distributions from mutual funds. Remember, this is different from ex-dates for common stock, which are either set by the NYSE or FINRA.
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What is the rule 11320 for FINRA?
Dates of Delivery. In connection with a transaction for "cash," delivery shall be made at the office of the purchaser on the day of the transaction.
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