Bubba has been classified as a restricted person according to Rule 2790. He may purchase equity securities of an IPO except:
A)to purchase securities to avoid dilution
B)when the new issue of securities is purchased pursuant to a stand-by agreement
C)when the transaction is exempt by an order of the FINRA
D)when the new issue of securities is purchased pursuant to a best effort basis

Question

Quizplus · Accepted Answer

when the new issue of securities is purchased pursuant to a best effort basis. All the other choices are allowable under the rule "except" this one.

Bubba Has Been Classified as a Restricted Person According to Rule