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Part 3. Financial Institutions
Part 3. Financial Institutions

... Monetary Policy: What goes on behind the scenes The actual situation is more complicated. The Federal Reserve does not literally set interest rates in the sense of telling anyone that they must borrow or lend at a particular number. If fact, the Federal Reserve intervenes in a rather small market: t ...
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simplified prospectus
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... following characteristics: a reasonable valuation based on the issuer’s discounted cash flow, sustainable competitive advantages, sound management and presence of a catalyst for price revaluation. The sub-managers’ investment decisions are backed by original research, strict accounting validation an ...
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Fund Performance - 13D Activist Fund
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... in this document. The securities may only be purchased and traded by “Qualified Institutional Buyers,” as defined in Rule 144A under the Securities Act of 1933 (“1933 Act”), or investors who are not “U.S. Persons,” as defined in Regulation S under the 1933 Act and pursuant to the terms of Regulation ...
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Taiwan 2015 - 2016.docx

... 5.12 Restrictions eased on the acquisition and post-acquisition selling of stocks for securities investment trust and consulting professionals On May 25th, 2015, the FSC loosened the restrictions on employee and their spouses involved in securities investment trust companies or discretionary investm ...
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Investment banking

An investment bank is a financial institution that assists individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities (or both). An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services (fixed income instruments, currencies, and commodities).Unlike commercial banks and retail banks, investment banks do not take deposits. From 1933 (Glass–Steagall Act) until 1999 (Gramm–Leach–Bliley Act), the United States maintained a separation between investment banking and commercial banks. Other industrialized countries, including G7 countries, have historically not maintained such a separation. As part of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act of 2010), the Volcker Rule asserts full institutional separation of investment banking services from commercial banking.The two main lines of business in investment banking are called the sell side and the buy side. The ""sell side"" involves trading securities for cash or for other securities (e.g. facilitating transactions, market-making), or the promotion of securities (e.g. underwriting, research, etc.). The ""buy side"" involves the provision of advice to institutions concerned with buying investment services. Private equity funds, mutual funds, life insurance companies, unit trusts, and hedge funds are the most common types of buy side entities.An investment bank can also be split into private and public functions with an information barrier which separates the two to prevent information from crossing. The private areas of the bank deal with private insider information that may not be publicly disclosed, while the public areas such as stock analysis deal with public information.An advisor who provides investment banking services in the United States must be a licensed broker-dealer and subject to U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulation.
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