Regulations & Conduct第 109 / 125 题
In a firm commitment underwriting, the underwriter:
a.Purchases the entire issue from the issuer and assumes the risk of reselling it to the public
b.Acts only as an agent and bears no risk
c.Guarantees the securities will rise in price
d.Is exempt from delivering a prospectus
解析
In a firm commitment underwriting, the underwriting syndicate buys the whole issue from the issuer and resells it to the public, assuming the risk of any unsold shares. This differs from a best efforts underwriting, where the underwriter acts as agent and only sells what it can without buying the issue outright.
法律依据: Securities Act of 1933免费刷完整 125 道题库 — 无需注册。
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