141k views
1 vote
"The person who acts as agent helping find customers for a new issue, but neither participates in selling responsibility nor liability in a new issue syndicate, is known as the:"

1 Answer

6 votes

Answer: Selling Group Member

Step-by-step explanation:

A syndicate is when investment banking firms with lead underwriters are responsible for the offer and sale of new issues to public.

A selling group member is the person who acts as agent helping find customers for a new issue, but neither participates in selling responsibility nor liability in a new issue syndicate.

User Jlanik
by
3.9k points