Rule 10b-6

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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.