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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: Kaliico who wrote (5656)6/25/1999 11:50:00 PM
From: ChopChop99  Read Replies (1) | Respond to of 16809
 
If they did that, wouldn't it have to be reported somewhere in the fine print of their required filings as a publicly traded company? No history to check for that on Wit, but should be some to be found on E*Trade for sure. Hmmm....



To: Kaliico who wrote (5656)6/26/1999 11:54:00 AM
From: briles  Read Replies (3) | Respond to of 16809
 
"Is there any rule an Underwriter has to allocate an allotment?"

Rule 10b-6
An SEC rule prohibiting anyone engaged in a distribution of securities from bidding for or purchasing those or similar securities until their participation in the distribution is complete.

Also, as has been explained before, the number of shares a firm agrees to underwrite (i.e. Wit 48,000 Juniper) is totally unrelated to the number of shares they actually receive.


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