Shelf registration has helped larger investment banking firms become larger, while smaller investment banking firms are left behind.

Question

Quizplus · Accepted Answer

Shelf registration allows larger investment banking firms to quickly and efficiently register securities with the Securities and Exchange Commission (SEC), giving them a competitive advantage over smaller firms who may not have the resources or volume of securities to justify using shelf registration. This has contributed to the consolidation and growth of larger investment banking firms at the expense of smaller ones.

Shelf Registration Has Helped Larger Investment Banking Firms Become Larger