FINRA Series 7

Category - Series 7

Start a Study Session Sign up for Question of the Day

Bubba is a registered representative who wishes to buy shares of a new issue his firm is distributing. Under FINRA Conduct Rules, Bubba may:

not do so under any circumstance
do so if he has a history of buying hot issues
not do so for his own account, buy may purchase shares for his sister’s account
do so if his allotment is insubstantial and not disproportionate to public orders

Explanation

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

Was this helpful? Upvote!

Login to contribute your own answer or details

Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz