An organization that sells or markets new securities issued by businesses to individuals and institutional investors is called a(n)

Question

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An investment bank is an organization that helps businesses raise capital by underwriting and selling their securities to investors. They also provide services such as merger and acquisition advisory, restructuring, and trading. Mutual funds, insurance companies, and brokerage firms typically do not issue new securities, but instead invest in already existing securities for their clients.

An Organization That Sells or Markets New Securities Issued by Businesses