Question

Because of the magnitude of the potential losses that may be incurred by an investment bank participating in the sale of a large underwritten security issue, it is customary for a group of banks to create an underwriting syndicate to reduce the risk exposure of each participating bank. The investment bank that organizes and leads the syndicate is called the .

Answer 1

The answer is "Managing Underwriter".

Step-by-step explanation:

The investment company which coordinates and manages its union would be related to it as the management firm, which would be a subscription corporate framework a group. It is also the union's primary or principal owner. This same firm works which perform functions with both the registered owner on behalf of the business syndicate, to organize street presentations, etc.