SIE Exam Practice Question 284

Question: 284

All of the following are true of the syndicate when bringing a new equity security to the market EXCEPT

A. They take some of the financial burden off of the lead underwriter.

B. They cannot back out of the underwriting agreement during the cooling off period.

C. The can sell their entire allotment of the new issue.

D. They are responsible for selling some of the securities to the public.