Rule 2020 - Use of Manipulative, Deceptive or Other Fraudulent Devices

Rule 2020 of the FINRA Rulebook bars members from employing any manipulative, deceptive or fraudulent devices, schemes or artful contrivances in connection with securities transactions. The rule defines prohibited practices such as price manipulation, false statements, and schemes that mislead investors, and sets forth disciplinary measures for violations. It is a core safeguard intended to preserve market integrity and protect investors from fraud.