BREAKING SYNDICATE meaning in Law Dictionary

the entire process of disbanding the selection of UNDERWRITERS tangled up in pricing, marketing and advertising, and dispersing a unique problem of securities. When the SYNDICATE is damaged the underwriters tend to be liberated to trade securities when you look at the SECONDARY MARKETPLACE without limitation. An average syndicate is broken thirty days after initial launch, though it may be damaged early in the day by shared arrangement of this underwriters.