Steve Matthews, CFA, is a principal at Carlson Brothers, a leading regional investment bank specializing in initial public offerings of small to mid-sized biotech firms. Just before many of the IPOs are offered to the general public, Matthews arranges for 10% of the shares to be distributed to management of the firm going public. This action is a violation of the Standard concerning:

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Steve Matthews, CFA, is a principal at Carlson Brothers, a leading regional investment bank specializing in initial public offerings of small to mid-sized biotech firms. This action is a violation of the Standard concerning fair dealing.  This is further explained below.

What is fair dealing. ?

Generally, "Dealing" with" copyrighted works without permission is a copyright user's privilege known as "fair dealing."

In conclusion, Carlson Brothers, a major regional investment bank specializing in initial public offerings of small to midsize biotech companies, has Steve Matthews, a CFA, as a partner. According to the Fair Dealing Standard, this is a breach of the law.

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