[SIE] 9, The Underwriting Process
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The key differences between firm commitment and best efforts underwriting and who bears the financial risk in each. - How an underwriting syndicate is formed to share risk among multiple investment banks. - The specific role of a selling group and why its members have no…
The skinny
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