From Practice Exam III, VOL 2 Morning Q. 11
What is the code of compliance for being a market maker in a stock and helping with a secondary offering? Where in the standards does it say anything about this? What is with the five day rule? I’ve spent hours on ethics and have never come across a scenario like this…作者: iteracom 时间: 2013-3-30 20:43
From what I understand, there is no five day rule - you are not supposed to signal anything about having inside info on preparation to do an offering - a signal includes stoping market making activities. Hence, the proper course of action is to follow a passive market making approach.作者: mik82 时间: 2013-3-30 20:43
pvalka Wrote:
——————————————————-
> From Practice Exam III, VOL 2 Morning Q. 11
>
> What is the code of compliance for being a market
> maker in a stock and helping with a secondary
> offering? Where in the standards does it say
> anything about this? What is with the five day
> rule? I’ve spent hours on ethics and have never
> come across a scenario like this…
post question please.作者: AndyNZ 时间: 2013-3-30 20:43
no 5 day rule, market maker needs to take contra side of unsolicited client trades
