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

Question

Quizplus · Accepted Answer

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.

In the Distribution of a New Issue Underwriters or Selling