Series 79 practice questionmediumProspectus Requirements
Which type of letter is generally obtained by underwriters to provide assurance about certain financial information in the registration statement?
- AEngagement letter
- BComfort letter✓ Correct answer
- COpinion letter
- DTerm sheet letter
Explanation
Why B — Comfort letter
A comfort letter from the issuer’s auditors gives assurance on financials and controls for due diligence. Engagement and opinion letters serve different purposes and are not specific to financial assurance in registration statements.
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