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FINRA Series 6

Category - Series 6

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Mr. Big of HiGrow Corporation needs more money to support the exceptional growth rate that his firm is enjoying. He meets with BigFee Investment Banker, who agrees to handle the IPO for HiGrow. Subsequently, InTheLoop Brokerage is tapped to be part of the selling group that will handle the sale of the new stock to the public. In this example, the issuer is:

Mr. Big
HiGrow Corporation
BigFee Investment Banker
InTheLoop Brokerage

Explanation

Answer: B - HiGrow Corporation is the issuer in this example. The issuer is the firm that is receiving the proceeds from the IPO.

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FINRA Series 6

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FINRA Series 6

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