Series 79 practice questioneasyProspectus Requirements
A comfort letter is typically provided by which party to the underwriters in a securities offering?
- AThe transfer agent
- BFINRA
- CThe company’s independent public accountant✓ Correct answer
- DThe lead investor
Explanation
Why C — The company’s independent public accountant
Comfort letters come from auditors to assure the accuracy of financials. Mistaking the issuer or other parties as the source is a frequent trap.
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