Which activity by a market maker is allowed under FINRA's Anti-Intimidation/Coordination Interpretation?

The activity of a market maker setting its own bid and ask prices in a Nasdaq security adheres to FINRA's Anti-Intimidation/Coordination Interpretation because it emphasizes the importance of a market maker's independence in establishing prices. Market makers are responsible for providing liquidity in the market, and part of that role involves making independent pricing decisions based on their own analysis of market conditions, supply and demand for the security, and other relevant factors.

This independence is crucial to maintaining a fair and efficient market, as it prevents collusion or manipulation that could distort pricing. Allowing market makers to set their own prices enables them to respond quickly to market changes, contributing positively to market dynamics. In contrast, the other activities mentioned involve influence or coordination with other firms, which could undermine market integrity and fairness.