Nasdaq General Rule 9 (Series)

Key provisions:

• Market integrity and professional conduct: Members must uphold high ethical standards, deal fairly with customers and market participants, and avoid fraud, manipulation, front-running, trading ahead of customer orders, misuse of nonpublic information, and disruptive trading practices.
• Customer protection and sales practices: Firms must know their customers, make suitable recommendations, seek best execution, safeguard customer assets, provide required disclosures, and comply with rules governing communications, telemarketing, margin, discretionary, and day-trading accounts.
• Supervision and compliance: Firms must maintain supervisory systems, compliance programs, supervisory controls, employee oversight procedures, and accurate books and records.
• Financial responsibility and regulatory reporting: Members must comply with AML, capital, margin, audit, fidelity bond, recordkeeping, and regulatory reporting requirements, and promptly report specified events to regulators.