Series 50: Order Period And Order Priorities

Taken from our Series 50 Online Guide

Order Period and Order Priorities

The syndicate manager must provide a summary of the rules of order priority to each syndicate member. This must be submitted before any offer is made to a customer. These rules can be included in the syndicate letter or Agreement Among Underwriters and must include:

A written statement of all terms and conditions required by the issuer

The priority provisions and the procedur

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