Federal regulation of investment banking is administered primarily under the provisions of the Investment Banking Monitoring and Control Act of 1999. Organized securities exchanges include the New York Stock Exchange, the American Stock Exchange, and NASDAQ.
The primary market is a market in which securities are traded among investors. The issuer has almost no price risk in a firm commitment offering once the offer price is set. Nice work!
C) The first public sale of a company's stock is called an IPO. D) A rights offering is a direct sale of stock to an institution that participates in the primary market. A) initial offering of securities to the public.