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lucky, mydog

09/06/19 10:52 AM

#51400 RE: Hookmeistr #51377

piggyback exemption applies to market makers. when a mm has a form 15c2-11 approved by finra they get a 30 exclusive period to trade the stock. after that, other mm's can piggyback the form and trade. the suspension voids the 2-11 for the mm and all other mm's who have piggybacked. in simple terms it means mm's can not make a market.