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← Series 79: Section 4
Series 79 practice questionmediumResearch Analyst Conflicts

For a non-EGC IPO, what restriction generally applies to a participating member's research analyst during FINRA's minimum 10-day post-offering period?

  1. AThe analyst may not publish research reports or make public appearances regarding the issuer✓ Correct answer
  2. BThe analyst may provide oral recommendations only to institutional clients
  3. CThe analyst may attend issuer management meetings with clients
  4. DThe analyst may initiate coverage within two days of the offering closing
Explanation

Why A — The analyst may not publish research reports or make public appearances regarding the issuer

FINRA Rule 2241 generally restricts a participating member from publishing research or making analyst public appearances for 10 days after a non-EGC IPO. The rule contains exceptions, including significant news with legal or compliance authorization, and does not apply to EGC offerings.

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