Execution, Distribution, and Regulation M
Free FINRA Series 79 (Investment Banking Representative) lesson in Underwriting, Offerings and Registration of Securities. 19 min read, ~2,866 words.
The internal sales memo educates the sales force before the road show; indications of interest (IOIs) build the book. The greenshoe (over-allotment) option lets underwriters sell up to 15% extra shares, then cover by exercising it (price rose) or buying in the open market (price fell). FINRA Rule 5130 bars...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- B17
- B18
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