Uniform Practice Code (UPC) 11830 Restricted Securities

Nasdaq publishes a daily list of securities that are restricted under Uniform Practice Code (UPC) 11830. Under SEC rules, FINRA members may be required to close out short sales in Nasdaq securities that are restricted by this code. Nasdaq requires that all real-time data providers display a restricted indicator for all UPC 11830 restricted securities. In TradeStation, an (R) notation following the symbol indicates that a security is restricted under the UPC 11830.

Currently, UPC 11830 only covers Nasdaq National Market and Nasdaq SmallCap Market securities.