Which one of these parties is primarily responsible for the pricing and selling of new securities to the general public?

Question

Quizplus · Accepted Answer

Underwriters are responsible for coordinating and managing the process of offering a new security to the public. They determine the offering price, amount, and timing of the securities being offered. Investment advisors provide advice to clients on investing, but do not have a direct role in the pricing and selling of new securities to the public. Specialists and securities dealers are involved in the trading of securities after they have been issued, but not in the initial offering. Venture capitalists invest in early-stage companies, but do not typically sell securities to the general public.

Which One of These Parties Is Primarily Responsible for the Pricing