FINRA Pulls Proposal To Eliminate 5% Rule As A Result Of Commentary Hot

0.0 (0)
Write Review
Attorneys in the industry say that 5% is too much and the threshold should be more like 2% or 3%.
The Rule would be a component of Rule 2121 governing markups and markdowns and is part of FINRA’s continuing rule consolidation process.
FINRA is also trying to eliminate a proceeds rule that guides markups on round-trip transactions as well as a rule that mandates firms provide equity commission-rate schedules to clients.
The comment period ends April 1.


This Website Is For Financial Professionals Only

User reviews

There are no user reviews for this listing.
Already have an account? or Create an account