A group of underwriters formed to share the risk in marketing and distributing a sale of securities to the investing public is called a (n) ______________.

Question

A group of underwriters formed to share the risk in marketing and distributing a sale of securities to the investing public is called a (n)  ______________.

Quizplus · Accepted Answer

A syndicate is a group of underwriters who come together to share the risk and help distribute a new issue of securities to the public. This is common in the financial industry, especially for large or risky offerings that might be too much for a single underwriter to handle alone.

A Group of Underwriters Formed to Share the Risk in Marketing