FINRA Rule 5320/Order Protection

FINRA Rule 5320 provides that a broker/dealer that holds an order in an equity security from one of its customers or a customer of another broker/dealer is prohibited from trading for itself what transaction would satisfy that customer order.

Exceptions to this rule include orders for institutional accounts, and orders of 10,000 shares or more if greater than $100,000 in value unless that account opts in to the protection provided by the rule. This disclosure is made pursuant to rule 5320 to provide our customer the opportunity to opt in to the protection of rule 5320. If you choose to withhold your consent and disallow FIG from trading alongside your orders, notify us in writing at:

Chardan, LLC
Attn: Chief Compliance Officer
17 State Street, 16th Floor
New York NY 10004