Bubba is a registered representative who wishes to buy shares of a new issue his firm is distributing. Under FINRA Conduct Rules, Bubba may:
A)not do so under any circumstance
B)do so if he has a history of buying hot issues
C)not do so for his own account, buy may purchase shares for his sister's account
D)do so if his allotment is insubstantial and not disproportionate to public orders

Question

Quizplus · Accepted Answer

not do so under any circumstance. New issues may not be distributed to Bubba or members of his immediate family.

Bubba Is a Registered Representative Who Wishes to Buy Shares