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: Securities Law Prof Blog

SEC Approves FINRA Rule Change on Abuses in IPO Allocation Practices

By Securites Lawprof

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The SEC granted "accelerated approval" of a proposed rule change filed by NASD on Sept. 15, 2003. New FINRA Rule 5131 (originally proposed as NASD Rule 2712) prohibits certain abuses in the allocation and distribution of shares in initial publiofferings...

Full post as published by Securities Law Prof Blog on September 30, 2010 (boomark / email).

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