3340. Prohibition on Transactions, Publication of Quotations, or Publication of Indications of Interest During Trading Halts
This rule is no longer applicable. NASD Rule 3340 has been superseded by FINRA Rule 5260. Please consult the appropriate FINRA Rule.
(a) No member or person associated with a member shall, directly or indirectly, effect any transaction or publish a quotation, a priced bid and/or offer, an unpriced indication of interest (including "bid wanted" and "offer wanted" and name only indications), or a bid or offer accompanied by a modifier to reflect unsolicited customer interest, in any security as to which a trading halt is currently in effect. If NASD closes trading in a security pursuant to its authority under Rule 4633(a)(3), Rule 4120A(a)(3), or Rule 6431(a)(3) members would not be prohibited from trading through other markets for which trading is not halted.
(b) No member or person associated with a member shall, directly or indirectly, effect any transaction or publish a quotation, a priced bid and/or offer, an unpriced indication of interest (including "bid wanted" and "offer wanted" and name only indications), or a bid or offer, accompanied by a modifier to reflect unsolicited customer interest, in:
(1) a future for a single security when the underlying security has a regulatory trading halt that is currently in effect; and
(2) a future on a narrow-based securities index when one or more underlying securities that constitute 50% or more of the market capitalization of the index has a regulatory trading halt that is currently in effect.
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Amended by SR-NASD-2005-087 eff. Aug. 1, 2006 Amended by SR-NASD-2001-47 eff. March 31, 2003. Amended by SR-NASD-2002-97 eff. July 29, 2002. Amended by SR-NASD-2000-33 eff. August 13, 2001. Adopted by SR-NASD-87-13 eff. May 5, 1988. Selected Notices: 86-13, 88-46, 89-2, 98-26, 01-47, 02-82. |