Institutions that facilitate the purchase or sale of securities by firms or individuals by providing investment banking services and brokerage services are called

Question

Quizplus · Accepted Answer

Investment dealers provide investment banking services, such as underwriting new securities issues and assisting in merger and acquisition transactions. They also provide brokerage services, such as buying and selling securities for clients. Finance companies, mutual fund companies, and mortgage companies may provide financial services, but do not necessarily facilitate the purchase or sale of securities.

Institutions That Facilitate the Purchase or Sale of Securities by Firms