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
Correct Answer:
Verified
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