Which of the following is NOT a function that a securities firm commonly performs when facilitating a secondary stock offering?
A)origination
B)underwriting the stock
C)distribution of the stock
D)purchasing at least 20 percent of the offering

Question

Quizplus · Accepted Answer

Securities firms commonly perform origination, underwriting, and distribution functions when facilitating a secondary stock offering. However, there is no standard requirement for a firm to purchase at least 20 percent of the offering, making option D incorrect.

Which of the Following Is NOT a Function That a Securities