Series 24: Agreement Among Underwriters (AAU)

Taken from our Series 24 Online Guide

Agreement Among Underwriters (AAU)

All syndicate members sign an Agreement Among Underwriters (AAU). The AAU describes the rights and liabilities of the syndicate members with respect to the syndicate manager and among each other. This agreement is also called the syndicate agreement and the purchase group agreement. Some of the most important characteristics of the syndicate agreement are that it:

• Identifies the lead underwriter and any co-managers and grants authority to the lead underwriter to act on behalf of the syndicate and to execute the final underwriting agreement with the issuer
• Spells

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Agreement Among Underwriters (AAU), you might also be interested in:

Series 7 - 12.9. Transactions That Do and Don’t Require Registration: SEC Rule 145

Series 82 - 4.1. Subscription Agreements

Series 24 - 5.5.2.2. Specifying the Type of Order

Series 7 - 12.5.6 Prohibitions on Spinning

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I recently passed my Series 24 using Solomon Exam Prep! It was the hardest exam I've taken to date. I found all the practice exams with specific feedback to be the most helpful, though the audiobook was very helpful as well.

Diane Pouliot, RBC, Minneapolis, MN

I watched the videos twice, took notes from them, and took hundreds of practice problems. The test simulator was the best part of the program. I found it helpful that you could go back and look at the questions you missed and use them to help refine what to study. I definitely would recommend the program. Get 85%+ on the practice and you should pass the 24.

Kris Nyden, Seattle, WA

Thank you Solomon! I was able to pass the SIE, 7, 63 and 24 in a relatively short time period. The practice exams with answers really helped and when I had a question for The Professor, I always received a quick and accurate response. Solomon is definitely the way to go.

Seth Schader, CCO, Mercer Island, WA

I wanted to let you know I passed the exam [Series 24] this morning! The practice exams were invaluable. Thank you for your extra help and suggestions. I have recommended this to two of my co-workers who will be taking the Series 7 this year. I will say, the 24 was worded so tricky. And so much irrelevant info put into the questions. I had to write down pieces of the question to get the gist of what it was asking. Very purposfully confusing. But it's over and I'm thankful for your product. Thx again

Karmen Richards, Multi Financial Securities, Greensboro, NC

Just wanted to say thank you and give you a good review. I actually found that your test questions were harder than the actual exam and the explanations and the ability to create tests of all of my wrong answers helped me focus on my weak areas of the exam. I passed the first time and don't believe I couldn't have done it without your test bank. Thanks again.

Chris Porosky, FL

I really liked the Solomon study materials. They did a really nice job of explaining the material in plain language. I have a really long commute and the audio books came in really handy!! I would recommend the Solomon study materials!

Jessie Urban, Securities America Inc, LaVista, NE