Series 7 - General Securities Representative Exam
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For new issues, all of the following apply to a Selling Group EXCEPT
They can help the syndicate members sell securities
A
They can be brokerage firms that are not part of the syndicate
B
They are financially committed to buy shares from the issuer
C
They can help distribute shares to the public
D
Explanations
The Selling group does not purchase shares from the issuer in a new issue