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Rule 105

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Rule 105
On the New York Stock Exchange, a rule allowing specialists to enter positions on options contracts to hedge their positions on equity.

Rule 105
A New York Stock Exchange rule that prohibits specialists from having an interest in a pool involving a stock in which the specialists are registered.


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IPO; amendments to rule 105 regulation M concerning short selling in connection with public offerings; NASD rule 2790 on the restriction on the purchase and sale of IPO equity securities; NASD IPO distribution manager procedures for filing with NASD corporate financing; and the proposed NASD rule 2712 concerning allocation and distribution of shares in an initial public offering.
 
 
 
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