Multi-day Events, Trading Halts and Exchange Coordination
Chapters in this video
What this video covers
- How a multi-day Event is formed when transactions across one or more trading days rely on the same fundamentally incorrect or grossly misinterpreted issuance information causing a severe valuation error
- Why the officer shall act without regard to the Percentage Parameters or Numerical Guidelines, and how the deadline changes when trading is halted
- Which transactions are excluded once they reach settlement date or result from an initial public offering (IPO)
- How FINRA coordinates related Event transactions across another self-regulatory organization (SRO) when practicable, and when a cross-SRO ruling cannot be appealed
- How a disruption in the transmittal or receipt of a regulatory halt message makes transactions null and void before the primary listing market officially ends the halt
- Why detection, not officer awareness, starts the timing rule, along with the outside deadline on the following trading day
- How exchange break decisions affect over-the-counter trades, and when a member may request review for a Limit Up, Limit Down (LULD) technology issue after certifying a bona fide systems problem
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