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Exam Series 6 All Questions

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Exam Series 6 topic 1 question 35 discussion

Actual exam question from FINRA's Series 6
Question #: 35
Topic #: 1
[All Series 6 Questions]

Which of the following is not a function performed by an investment banker as part of a full commitment underwriting?

  • A. provides advice to the issuing firm on the projects in which it should invest the money raised
  • B. provides advice to the issuing firm on what type of security should be issued in order to raise the funds
  • C. purchases the securities from the issuing firm
  • D. provides short-term price support for the security after it begins trading in the secondary market
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Suggested Answer: A 🗳️
The investment banker does not advice the issuing firm on the projects in which it should invest the money raised in a full commitment underwriting. It does advise the issuing firm on what type of security it should issue in order to raise the money; it purchases the securities from the issuing firm for immediate resale to the public; and it provides price support for the security for a short time after it begins trading in the secondary market.
by lolojepu at April 6, 2025, 1:11 a.m.

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