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Because of the magnitude of the potential losses that may be incurred by an investment bank participating in the sale of a large underwritten security issue, it is customary for a group of banks to create an underwriting syndicate to reduce the risk exposure of each participating bank. The investment bank that organizes and leads the syndicate is called the .

Respuesta :

Answer:

The answer is "Managing Underwriter".

Explanation:

The investment company which coordinates and manages its union would be related to it as the management firm, which would be a subscription corporate framework a group. It is also the union's primary or principal owner. This same firm works which perform functions with both the registered owner on behalf of the business syndicate, to organize street presentations, etc.