December 15, 2008
As we announced earlier today, the NASD New Issue Rule 2790 has changed and is now FINRA Rule 5130. The text of the New Issue rule is below and can also be found on the FINRA website here. With regard to hedge funds, this rule is most important with regard to who will deemed to [...]
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December 15, 2008
Minor Modifications to “New Issues” Rule Approved; New FINRA Rule 5130 FINRA (formerly the NASD) has been reworking a new rulebook which means that many rules have been modified and renumbered. At least one important hedge fund rule has been renumbered. The “new issue” rule, which affects hedge funds and other members of the securities [...]
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