Hedley, Hadley Ltd. is the lead Underwriter of Tecto Company common stock. Tecto common shares are currently quoted on NASDAQ, and Hedley, Hadley has maintained a bid to purchase Tecto common at $9 for several days prior to Tecto's registration statement becoming effective. The last quoted price before Hedley, Hadley entered it's $9 bid was $9.25. Just before it filed the pricing amendment, the last sale price of Tecto common stock was $9.50. Tecto filed its pricing amendment, setting and offering price of $9.50, and the commission's Staff permitting acceleration of that amendment, so that the registration statement became effective at 10am that day. Hadley, Hadley then increase its bid to $9.50. Do Hedley, Hadley actions constitute lawful stabilization?