Suppose, with Reference to #12 Above, That Pickford Already Owns

question 24

Multiple Choice

Suppose, with reference to #12 above, that Pickford already owns an interest in the biotech firm, but Munford Stanley is not the underwriter.Pickford:

• A)Does not have a conflict of interest.
• B)Has a conflict of interest, but it is acceptable in IPOs.
• C)Has a conflict of interest that must be disclosed to all purchasers.
• D)Does not have a conflict of interest, but Munford Stanley does.
• E)None of the above