MGTA02H3 Lecture Notes - Socalled, Financial Industry Regulatory Authority, Financial Institution
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MGTA02H3 Full Course Notes
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Securities: stocks and bases (which represent a secured-asset-based claim on the part of investors) that can be bought and sold. Primary securities market: the sale and purchase of newly issued stocks and bonds by firms or governments. Investment bankers: any financial institution engaged in purchasing and reselling new stocks and bonds. Secondary securities market: the sale and purchase of previously issued stocks and bonds. Private placements: allows the business who uses them to keep their plans confidential. Most new stocks and some bonds are sold to the wider public market. To bring a new security to market, the issuing corporation must obtain approval from a provincial securities. It also needs the services of an investment banker. Such well-known firms as rbc dominion securities and td securities provide three types of investment. They advise the company on the timing and financial terms for the new issue.
