Which of the following is the reason for the formation of underwriting syndicates? To regulate the issuance and trading of stocks and bonds To enhance liquidity in large block trades by maintaining continuous up-to-date prices for the securities they are assigned To provide the issuing company with the most competitive underwriting bids To spread the risk associated with the purchase and distribution of a new issue of securities To ensure that the auction trading process is completed in a fair and efficient manner CONTINUE.