Alba Vasquez allocates trades of hot new IPOs as follows: m*p/(p+s) shares to performance-based fee accounts, m*s/(p+s) shares to standard fee accounts, where there are p suitable performance based fee accounts, s suitable standard fee accounts, and m shares available. This action is:
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A) |
permissible since it effectively amounts to a strict pro rata basis of allocation. | |
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B) |
not permissible since it effectively favors the performance-based fee accounts. | |
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C) |
not permissible since it is based upon a formula that is not inherently fair. | |
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发表于 2009-5-4 13:54
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