An underwriting syndicate consists of all of the following except:
A) lead manager
B) managing group
C) underwriting syndicate
D) managing syndicate

Question

Quizplus · Accepted Answer

The terms "managing group" and "underwriting syndicate" are used interchangeably to refer to the group of investment banks that work together to underwrite a securities offering. The lead manager is the investment bank that takes on the most responsibility in the underwriting process, while the managing group or underwriting syndicate consists of the other banks that also participate in the offering. "Managing syndicate" is not a commonly used term in this context.

An Underwriting Syndicate Consists of All of the Following Except