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

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