During the cooling off period, underwriters would be allowed to do all of the aforementioned except: b) advertise the issue.
<h3>Who is an
underwriter?</h3>
An underwriter can be defined as an individual or business firm that is saddled with the responsibility of evaluating and assuming another party's financial risk for an agreed amount of money (fee), which is often paid as a spread, commission, interest, or premium.
This ultimately implies that, an underwriter helps a lender (financial institution) in determining the level of risk associated with an issue.
As a general rule, underwriters would be allowed to do all of the following during the cooling off period:
- Take indications of interest.
- Distribute a preliminary prospectus.
In this context, we can reasonably infer and logically deduce that during the cooling off period, underwriters would only be allowed to do all of the aforementioned except distribute sale or advertise the issue.
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Explanation:
Internal Revenue Investigator:
The responsibility of Internal Revenue investigator is that to collect the taxes from people as well from corporation on time so that the Government can deliver service to the people.
Roles:
1. Review financial records of large businesses and corporations.
2. Review tax documents and returns for errors and inaccuracies
Federal Aid Coordinator:
To help the financial needy and to appreciate the merit student, Federal Aid coordinator will evaluate and find the candidates / students accordingly.
Roles:
1. Evaluate students applications for financial aid
2. Review policies and grant funds to students in need
3. Paralegal:
He/ She is the person who is assisting the lawyer in terms researching about the crime that has happened. In simple term we can call that as investigation.
Roles:
1. Gather evidence and prepare for court
2. Conduct research that is pertinent to a criminal case.
Her decision is known as a "satisfice" decision