Series 53: 4.2.5.4. Lead Underwriter Recordkeeping Responsibilities

Taken from our Series 53 Online Guide

4.2.5.4. 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

Since you're reading about Series 53: 4.2.5.4. Lead Underwriter Recordkeeping Responsibilities, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!