Is allocation in hot IPOs, which is managed by the member,allowed for family members who are not clients.
No it is not. If the member family is not client, allocating hot IPO stocks for them in detriment of actual clients is a violation of the code.
Is allocation in hot IPOs, which is managed by the member,allowed for family members who are not clients.
No it is not. If the member family is not client, allocating hot IPO stocks for them in detriment of actual clients is a violation of the code.