When the market opens the morning of an IPO effective date, secondary market trading in the issue:

In the course of discussing an IPO, the issuer might divulge sensitive, non-public information to a select group of investors. If this occurs:

Though it is rare in practice, when a member firm believes a registered market maker has backed away from its quote, in such cases, the member firm will contact:

OATS or CATS are systems which attempt to achieve maximum disclosure of trading activity in NMS securities. The frequency of OATS/CATS reports is set at:

Open-end investment management companies are quoted based upon the

Investment banking involves working with an Issuer in facilitating an offering of securities in an effort to raise capital, either equity or debt. Occasionally, the banker cannot agree to engage in firm commitment underwriting, and the underwriting agreement will reflect the ‘lesser’ best efforts contingency commitment being taken by the selling group manager and its member participants.  Which of the following statements is incorrect?

Under normal conditions, a member firm wishing to become a market-maker in a non-NMS stock will:

I.    First have to file Form 15c2-11 with the SEC

II.   Have to wait for a minimum of 3 business days after filing the proper form, before entering quotes on that stock

III.  FINRA prohibits members from taking an inventory position in non-NASDAQ stocks.

When engaging in trades with other member firms where both agree to do the trade on other than a regular way basis, which of the following encompasses the rules handling settlement in such situations?

In the instance that a member firm has received a formal notification from the FINRA Division of Enforcement regarding charges against the firm for one or more violations, the member is required to respond in writing no later than:

When a member firm is notified of a set of charges being alleged against the firm by FINRA under the Code of Procedure, and the firm fails to respond to FINRA within the required time period: