IPO

CFA Level II Ethics
#1

Schweser Book1 - page 22

  • Restrict employee investments in equity IPOs and private placements. Require pre-approval of IPO purchases.

But curriculum seems implied as long as profolio manager can allocate the trade pro rata and fairly, it should be fine.

Different? Thanks.

#2

Sorry, I think I get it.

Schweser talks about the personal trade and curriculum is talking about the client account.

#3

Yup.