Regulation M restricts bidding for or purchasing a security by those participating in its distribution, during a defined restricted period. It is the rule that draws the line between lawful stabilisation and unlawful support of one's own offering.
history and doctrine · updated 2026-09-08
See also
Pegging, fixing and stabilising— Pegging, fixing or stabilising a price means trading to hold it at a particular level. It is prohibited in general but expressly p…
Unregistered offering— An unregistered offering is a sale of securities without a registration statement and without a valid exemption. It is unlawful un…