7110. Taking unfair advantage

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    1. A Dealer Member must not engage in trading practices that take unfair advantage of clients or counterparties by:

      1. acting on knowledge of a new issue or client order to unfairly profit from the expected market movement or distorted market levels,

      2. carrying out proprietary trades ahead of client orders on the same side of the market without first disclosing to the client the intention to do so and obtaining the client’s approval,

      3. profiting unfairly by using proprietary information that if released could reasonably be expected to affect market prices,

      4. using material non-public information,

      5. abusing market procedures or conventions to obtain an unfair advantage over, or unfairly prejudice, its counterparties or clients, or

      6. completing a trade when the price is clearly outside of the prevailing market and proposed or agreed to as a result of a manifest error.

    There is no history log for this rule.

    There is no history log for this rule.