In a "Best Effort" Sale of Securities, the Risk of the Sale

question 32

True/False

In a "best effort" sale of securities, the risk of the sale rests with the investment banker.

---

Definitions:

Successful Job Performance

The level of achievement or proficiency demonstrated by an individual in carrying out their job functions or tasks.

Predicting

The act of forecasting future events or outcomes based on current or past information.

Bona Fide Occupational Qualification

A legal term referring to employment practices that may be discriminatory but are necessary for the operation of a particular business.

Discrimination

Unjust treatment or prejudicial attitudes toward individuals based on characteristics such as race, age, sex, or disability.