Skip to Primary Navigation

Skip to main content

FINRA Rule 5190

Requires member firms to provide written notice to FINRA in connection with distributions of securities subject to a restricted period under SEC Regulation M, including notifications of pricing, cancellations, and penalty bids.

Rule Overview

Jurisdiction: United States

Regulator: FINRA

Topic: Regulatory Filing

Overview
Latest News
Further Reading

This rule sets forth notice requirements for member firms participating in offerings of securities to ensure compliance with SEC Regulation M, which regulates trading during restricted periods.

The rule requires member firms to provide written notice to FINRA of certain events, such as the pricing of a distribution, the cancellation or postponement of a distribution, and the imposition of penalty bids or engagement in syndicate covering transactions.

The notices must be provided in a specific form and within designated timeframes, and are intended to help FINRA monitor compliance with SEC Regulation M and prevent manipulative trading practices.

Latest News

More on FINRA Rule 5190
View More News

Further Reading

FINRA Reg Notice 12-19 Go to https://www.finra.org/rules-guidance/notices/12-19 FINRA Reg Notice 08-74 Go to https://www.finra.org/rules-guidance/notices/08-74