In the offering of new securities, members of the syndicate are permitted to sell to other dealers less the reallowance. The amount of the reallowance is determined by:
A)the FINRA
B)the issuing corporation
C)the syndicate manager
D)the SEC

Question

Quizplus · Accepted Answer

the syndicate manager. The reallowance as well as the selling concession given to selling group members are determined by the managing underwriters.

In the Offering of New Securities, Members of the Syndicate