In the distribution of a new issue underwriters or selling group member are prohibited from:
A.
selling to the public at the so-called public offering price
B.
selling to another broker or dealer who needs to fill an accommodation order
C.
withholding blocks of a new issue in the member’s account
D.
all of the above
The Answer Is:
C
This question includes an explanation.
Explanation:
withholding blocks of a new issue in the member’s account. Underwriters and selling group members are prohibited from keeping blocks of a new issue for their own accounts.
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