Securities firms commonly perform all of the following functions except for _____ when facilitating a secondary stock offering.
A)origination
B)underwriting stock
C)distribution of stock
D)its own purchase of at least 20 percent of the offering

Question

Quizplus · Accepted Answer

Securities firms do not typically purchase a portion of the stock offering for themselves. Instead, they facilitate the sale of stock from the issuer to investors through underwriting and distribution.

Securities Firms Commonly Perform All of the Following Functions Except