MGMT 1 Chapter 19: Ch. 19

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20 Nov 2016
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19: securities markets for financing and investing opportunities. I(cid:374)itial pu(cid:271)li(cid:272) offeri(cid:374)g (cid:894)ipo(cid:895): first pu(cid:271)li(cid:272) offeri(cid:374)g of (cid:272)orporatio(cid:374)"s sto(cid:272)k. Secondary market handles trading of these securities between investors with proceeds of sale going to the investor selling the stock, not to the corporation whose stock is sold. Investment bankers: specialists who assist in the issue and sale of new securities. Institutional investors: large organizations that invest their own funds or the funds of others. Large organizations = pension funds, mutual funds, insurance companies. Stock exchange: organization whose members can buy and sell (exchange) securities for companies and individual investors. Over-the-counter (otc) market: exchange that provides means to trade stocks not listed on the national exchanges. Nasdaq: nationwide electronic system that links dealers across the nation so that they can buy and sell securities electronically. Securities and exchange commission (sec): federal agency that has responsibility for regulating various stock exchanges. Securities and exchange act of 1934 created sec.

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