In schweser practice exam vol 1 exam 2PM I do not understand their answer.
If you misallocated the shares of an IPO, why "short term interest should not be taken awy from accounts who have received the shares".
good luck to you all,作者: jmh530 时间: 2011-7-13 13:09
I think you misread the answer
"short term interest should not be taken awy from accounts who SHOULD have received the shares". ...company has to absorb the cost of the mistakes.作者: Analti_Calte 时间: 2011-7-13 13:09
Yes you are right.
For the record it is question 12C
@mpfree: thanks for the fast answer, but where do u see that in the curriculum ?
