Investment banks sell ________ securities to the public,and brokerage firms sell ________ securities to the public.

Question

Quizplus · Accepted Answer

Investment banks mainly deal with initial public offerings (IPOs) of new securities, while brokerage firms primarily deal with existing securities that are already traded on the secondary market. Therefore, investment banks sell new securities to the public and brokerage firms sell existing securities to the public.

Investment Banks Sell ________ Securities to the Public,and Brokerage Firms