Identifying and Avoiding Prohibited Activities: Rapid Fire

What this video covers

• How the research trading rule applies to non-public report content or timing, including the fewer-than-15-person research report exclusion and the member firm's information barrier responsibility
• Who is bound by each rule, including the difference between member-only research restrictions, member and associated person liability, and antifraud rules that reach any person
• How to identify front-running of an imminent block, apply the 10,000-share equity benchmark, and recognize why a partial print or client disclosure does not make the information public
• Which transactions may be permitted around a block, including unrelated trades, customer-consented facilitation that minimizes harm, and exchange marketplace rules
• The difference between a wash sale, with no change in beneficial ownership, and a matched order, with a known contra order of substantially the same size, time, and price
• How Type 1 and Type 2 spoofing work, plus the exam traps for anti-intimidation, order splitting, and payments for publicity
• Why a pattern of self-trading can violate the rules, why written and enforced insider trading procedures matter even without a trade, and how duties of trust or confidence arise