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2110. Standards of Commercial Honor and Principles of Trade


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This rule is no longer applicable. NASD Rule 2110 has been superseded by FINRA Rule 2010. Please consult the appropriate FINRA Rule.

A member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.
Cross References–

IM-1000-1, Filing of Misleading Information as to Membership or Registration
IM-1000-3, Failure to Register Personnel
2790, Restrictions on the Purchase and Sale of Initial Equity Public Offerings
IM-2110-2, Trading Ahead of Customer Limit Order
IM-2110-3, Front Running Policy
IM-2230, "Third Market" Confirmations
IM-2310-2, Fair Dealing with Customers
IM-2440, Mark-Up Policy
IM-2830-1, "Breakpoint" Sales
IM-3310, Manipulative and Deceptive Quotations
IM-3320, Firmness of Quotations
IM-10100, Failure to Act Under Provisions of Code of Arbitration Procedure
IM-11110, Refusal to Abide by Rulings of the Committee

Amended by SR-NASD-2005-087 eff. Aug. 1, 2006

Selected SEC Decisions:
Albert P. Fosha, SEC Rel. No. 34-22815 (1986).
C. Brock Lippitt, Thomas M. Svalberg and Gerald B. Fitzgerald, SEC Rel. No. 34-23495 (1986).
Robert J. Jautz, SEC Rel. No. 34-24346 (1987).
Robert S.C. Peterson, Inc. and Robert S.C. Peterson, SEC Rel. No. 34-24688 (1987).
Rita Delaney, SEC Rel. No. 34-25119 (1987).
Gary D. Cohee, SEC Rel. No. 34-25210 (1987).
Traiger Energy Investments and Michael A. Traiger, SEC Rel. No. 34-25306 (1988).
E.F. Hutton & Co., Inc. (n/k/a) Shearson Lehman Hutton, Inc., SEC Rel. No. 34-25587 (1988).
Stephen M. Carter, SEC Rel. No. 34-26264 (1988).
Cosse International Securities, Inc. and Charles B. Cosse, SEC Rel. No. 34-26424 (1989).
L.C. Thomas and Stephen V. Wallace, SEC Rel. No. 34-26530 (1989).
Stanley D. Gardenswartz, SEC Rel. No. 34-27194 (1989).
Walter Capital Corp. and Frank R. Grillo, SEC Rel. No. 34-27536 (1989).

Selected Notices: 96-44.


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