Start planning policies and procedures to comply with new uptick rule

more+
less-

Design policies and procedures that will enable your firm to monitor the national best bid on a realtime basis, the SEC says in the final uptick rule published in the March 10 Federal Register. That’s the only way to ensure that the price at which you submit a short sale order complies with the rule. And

it’s the minimum a firm will be required to have.

That’s just one of the details to keep in mind as you come up with the written policies and procedures the SEC is requiring by Nov. 10, 2010.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Mintz Levin | Attorney Advertising

Written by:

more+
less-

Mintz Levin on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×