A group formed by an investment banker to share the financial risk associated with underwriting new securities is called a(n) ________.

Question

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An underwriting syndicate is a group of investment banks formed to share the financial risk associated with underwriting new securities. Selling groups are secondary market dealers who help distribute securities to investors after they have already been issued. An investment banking consortium and broker pool are not commonly used terms in the investment banking industry.

A Group Formed by an Investment Banker to Share the Financial