Regulating IPO Allocations: Rule 2790 Replaces the Free-Riding and Withholding Interpretation

• Published in: The Investment Lawyer Vol. 11; no. 3; p. 3
• Main Authors: Newman, Bruce H, Green, Erica A
• Format: Trade Publication Article
• Language: English
• Published: Englewood Cliffs Aspen Publishers, Inc 01.03.2004
• Subjects: Associations; Compliance; Families & family life; Fiduciaries; Initial public offerings; Securities industry; Securities regulations; United States > US

The National Association of Securities Dealers (NASD) recently proposed NASD Rule 2790, in an effort to focus and streamline its regulations regarding IPO allocations and distributions while preserving the overall intent to protect the integrity of the securities offering process. The Rule introduce...