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FINRA Series 7

Category - Series 7

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In the offering of new securities, members of the syndicate are permitted to sell to other dealers less the reallowance. The amount of the reallowance is determined by:

the FINRA
the issuing corporation
the syndicate manager
the SEC

Explanation

Answer: C - the syndicate manager. The reallowance as well as the selling concession given to selling group members are determined by the managing underwriters.

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FINRA Series 7

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FINRA Series 7

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