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Difference between an investment bank and a brokerage?

Posted on 9/22/08 at 6:41 am
Posted by ArkansasDon
Conway, Arkansas
Member since Sep 2008
785 posts
Posted on 9/22/08 at 6:41 am
Difference between an investment bank and a brokerage?

This post was edited on 9/22/08 at 8:48 am
Posted by igoringa
South Mississippi
Member since Jun 2007
12264 posts
Posted on 9/22/08 at 8:13 am to
Brokerage firms cannot underwrite IPO's for one thing.
Posted by ArkansasDon
Conway, Arkansas
Member since Sep 2008
785 posts
Posted on 9/22/08 at 8:28 am to
So if I want to make a public offering, the only people I can do it through now are Morgan Stanley and Goldman Sachs? Or are there other minor firms?




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