Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, May 19, 2011

SEC Approves FINRA Rule Change on New Issue Allocations and Distributions

The SEC approved, on an accelerated basis, a FINRA proposed rule change to amend FINRA Rule 5131 (New Issue Allocations and Distributions) to simplify the spinning provision in that Rule and to delay the implementation date of paragraphs (b) and (d)(4) under that Rule. This proposal was published for comment in the Federal Register on April 29, 2011, and the SEC received no comments regarding the proposal.

http://lawprofessors.typepad.com/securities/2011/05/sec-approves-finra-rule-change-on-new-issue-allocations-and-distributions.html

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