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Exam Series-7 All Questions
Exam Series-7 All Questions

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FINRA General Securities Representative Series-7 Question # 110 Topic 12 Discussion

Series-7 Exam Topic 12 Question 110 Discussion:
Question #: 110
Topic #: 12

Under what conditions may an FINRA member firm sell an IPO to an employee of another broker/dealer?


A.

if the amount of the purchase is small and the transaction accords with the employee’s normal investment practice


B.

if the member firm notifies the other broker/dealer of the transaction


C.

if the employing broker/dealer guarantees that resale of the securities acquired by its employee will be restricted for two years


D.

under no circumstances


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