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Exam Name:ASQF Certified Professional for IoT - Foundation Level Exam
529 Questions and Answers

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NEW QUESTION: 1
Under what conditions may an FINRA member firm sell an IPO to an employee of another broker/dealer?
A. under no circumstances
B. if the amount of the purchase is small and the transaction accords with the employee's normal
investment practice
C. if the member firm notifies the other broker/dealer of the transaction
D. if the employing broker/dealer guarantees that resale of the securities acquired by its employee will be
restricted for two years
Answer: A
Explanation:
under no circumstances. An FINRA member firm may not, under any circumstances,
allocate shares to itself, any of its employees, or to any employee of a firm that underwrites securities.

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