Are these True or False?

1. a syndicate is a group of underwriters that form to sell securities illegally to the general public.

2. In a firm commitment underwriting, the underwriter buys the entire issue assuming full financial responsibility for an unsold shares.

3. A registration statement is filed with the IRS that discloses all material information concerning the corporation making a public offering.

4. Dilution refers to the loss in existing shareholders value in terms of ownership, market value, book value, or earnings per share.

5. Reg A is an SEC regulation that requires public issues of less than $5million to be registered following all registration requirments.