Series 52: 3.5.3. Underwriter Recordkeeping Responsibilities

3.5.3.  Underwriter Recordkeeping Responsibilities

If there is no syndicate, 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 the issuer
• • The date of settlement with the issuer

If there is a syndicate, the managing underwriter must maintain all of the records listed previously, and also:

• • The name and percentage of