The investment banker does all of the following EXCEPT
A) make long-term investments for banking institutions.
B) bear the risk of selling a security issue.
C) act as a middleman between the issuer and buyer of a new security.
D) advise clients.

Question

Quizplus · Accepted Answer

Investment bankers do not typically make long-term investments for banking institutions. Their main function is to advise clients, act as a middleman between issuers and buyers of securities, and bear the risk of selling a security issue.

The Investment Banker Does All of the Following EXCEPT