Series 53: Lead Underwriter Recordkeeping Responsibilities

Lead Underwriter Recordkeeping Responsibilities

Sometimes an underwriter does not form a syndicate for a primary offering. In this instance, the sole underwriter must maintain the following records:

• • The description and aggregate par value of the securities
• • A statement of all terms and conditions required by the issuer
• • All orders received for the purchase of the securities from the underwriter
• • All allotments of securities and the price at which sold
• • Those instances in which the underwriter accorded equal or greater priority to orders for its own account or its related accounts over other orders, and the reasons for doing so
• • The date and amount of any good faith deposit made to