Market regulation · 25/02/2010

FINRA Approves Rule Change to Repeal NASD Rule 2450 and NYSE Rule 413

The Financial Industry Regulatory Authority (FINRA) has approved a proposed rule change to repeal NASD Rule 2450 and NYSE Rule 413, as part of the development of a consolidated FINRA rulebook, which aims to maintain the public offering price in installment or partial sales.