SIE Exam Question 988: Answer and Explanation

Question: 988

Which of the following is a group of underwriters who agree to purchase the shares of an IPO from an issuer and then sell the shares to investors?

• A. Registered investment advisers
• B. Regulated investment company
• C. Solicitors
• D. Syndicate

Correct Answer: D

Explanation:

A syndicate is a group of underwriters who agree to purchase the shares of an IPO from an issuer and then sell the shares to investors.