SEC Approves Delay in Effectiveness of and Amendments to Certain Provisions of FINRA Rule 5131

On May 18, 2011, the firm prepared an Alert Memo entitled “SEC Approves Delay in Effectiveness of and Amendments to Certain Provisions of FINRA Rule 5131.” Although most provisions of FINRA’s new IPO allocations rule, Rule 5131, will enter into effect on May 27, 2011, the effectiveness of the “anti-spinning” and market orders provisions of Rule 5131 have been delayed until September 26, 2011.