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Sep 12, 2002

NASD Proposes New IPO Allocation and Distribution Rules

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NASD Regulation, Inc. (“NASDR”), the regulatory arm of the National Association of Securities Dealers, Inc. (the “NASD”), has issued Notice to Members 02-55 (the “Notice”),1 proposing new Rule 2712, "IPO Allocations and Distribution" ("Rule 2712", or the “Proposed Rule”), and proposing to amend Rule 2710 (the “Corporate Financing Rule”).

Download PDF: NASD Proposes New IPO Allocation and Distribution Rules.

Authors and Contributors

Charles Gittleman

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7317

+1 212 848 7317

New York

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York