FIN 701 Chapter Notes - Chapter 4: Wealth Management, Systematic Risk, Arbitrage
18 Sep 2013
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Raising debt and equity securities, including origination, underwriting, and placement of securities in money and capital markets for corporate and government issuers. Assistance in trading of securities in secondary markets including brokerage services and market-timing. Broker-dealers securities firms that assist in trading of existing securities. Investment banks firms specialize in originating, underwriting, and distributing issues of new securities. Includes corporate finance activities such as advising on mergers and acquisitions (m&as), as well as advising on restructuring of existing corporations. Securities industry can be divided into integrated, institutional, retail firms based on their activities: Regulatory capital capital margin requirements, including shareholders" equity and subordinated debt, as defined by iiac. Investment industry assocation of canada (iiac) self-regulating organization (sro) responsible for regulation of its members in canada. Institutional firms offers services to other fis such as insurance companies, mutual funds, banks, trust companies, and pension funds. Source of income from banking activities, particularly new equity issues, and commission fees.
