An investment dealer has just become the broker of record for a large corporation. Identify an advantage this relationship gives the dealer.
1) This relationship allows the dealer to avoid any liability when selling the new issue.
2) This relationship allows the dealer to request escrowed shares as compensation.
3) This relationship gives the dealer the right of first refusal on new financings planned by the corporation.
4) This relationship eliminates the need for a preliminary prospectus to be filed.
