Rule 5

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Rule 5

An American Stock Exchange rule that prohibits members of the exchange from trading listed stocks off the exchange floor. Compare Rule 390. See also Rule 19c-3.
References in periodicals archive ?
Santana, the Astros selection with the top pick in the Class A phase of the December Rule 5 draft, is to arrive on Friday.
Baseball's Winter Meetings concluded this week in Nashville with the Rule 5 Draft.
During the Major League phase of the Rule 5 Draft, players left unprotected may be selected for $50,000.
This was signficantly lower than the Rule 5 draft price of $25,000.
Winter Meetings Buzz: Complete Rule 5 Draft Results (http://bizofbaseball.
Secret life: A standout baseball player, he earned a full scholarship to Pepperdine University and was drafted by the Cleveland Indians and later by the Montreal Expos (now the Washington Nationals) in what is known as the Rule 5 draft.
Tim Lahey, the right-handed reliever and Worcester native acquired by the Chicago Cubs from the Minnesota Twins in the Rule 5 Draft in the offseason, was expected to be placed on waivers yesterday.
The Rule 4 draft applies to amateur players, and the Rule 5 draft is for professional players.
Star quality: Florida took second baseman Dan Uggla from Arizona in last December's Rule 5 draft, but somehow, one gets the feeling the Marlins won't be sending him back.
In December 2003, the Kansas City Royals obtained the officer from the Cubs in the Rule 5 draft and then traded him to the Padres.
A two sport athlete, Williams was drafted by baseball's Texas Rangers in December's Rule 5 draft after spending several years in the Philadelphia Phillies organization.