Ethics employee IPO trades question

ext

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Hi everyone,
Just a quick question here…. are Members allowed to participate in IPO trades, assuming after the client and employer execute trades? or is IPO trading prohibited always, or only not allowed when an issue is oversubscribed? Thanks
 
sunseeker wrote:While it’s recommended not to.
Actually, what’s recommended is “Limited participation in equity IPOs”, not no participation.
As I said, it’s allowed.
 
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