Rule 10b-6

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Rule 10b-6

An SEC rule forbidding broker-dealers, insurers, and underwriters (except those involved in the syndicate placing an issue) from buying shares in a new issue before it is offered to the general public.

Rule 10b-6

An SEC rule that prohibits brokers, dealers, issuers, or underwriters participating in a securities distribution from purchasing the securities before they have been offered to the public.