RESTRICTED

Used in the context of general equities. Placement on a list which dictates that the trader may not maintain positions , solicit business, or provide indications in a stock , but may serve as broker in agency trades after being properly cleared. Placement on a restricted list is due to Investment bank involvement with the company on non-public activity (i.e., mergers and acquisitions defense), affiliate ownership, or underwriting activities; signified on the Quotron by a flashing "R." A restricted list and the stocks on it should never be conveyed to anyone outside of the trading areas, much less outside of the firm. See: grey list .