Series 7 - General Securities Representative Exam
Which of the following is TRUE of an Underwriter Syndicate?
It is a temporary group of investment banks and broker-dealers who come together to sell new offerings of equity securities to investorsA
It acts as an intermediary between a buyer and seller and seeks to ensure that the process from trade inception to settlement is smoothB
It is a dealer in securities or other assets who undertakes to buy or sell at specified prices at all timesC
It helps to maintain a fair and orderly market on a securities trading exchangeD
The other terms define a clearing firm, a market maker, and a specialist