Series 52: 3.5.3. Underwriter Recordkeeping Responsibilities

Taken from our Series 52 Online Guide

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 parti

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