Question: Fran Lester, CFA, works for a broker based in a country in which participation in any IPO is permitted with her employer s permission. She

Fran Lester, CFA, works for a broker based in a country in which participation in any IPO is permitted with her employers permission. She lives and works in a country that has no restrictions on her participation in IPOs. If Lesters firm is distributing shares of an oversubscribed IPO through the office Lester works in, can Lester receive shares in the IPO?

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