
sale and distribution of a new offering of securities, carried out by a financial intermediary (an investment banker), who buys securities from the issuer as PRINCIPAL, and assumes the risk of distributing the securities to investors. The process of purchasing and distributing securities is known as
The Glass-Steagall restrictions were finally removed by the
Industry Associations
National Association of Publicly Traded Partnerships
Promotes the interests of publicly traded (master) limited partnerships (PTPs or MLPs) and those who work with them. Consists of PTPs and their corporate sponsors; investment banking firms, law firms, ...
Members: 65
Founded: 1983
Dues: small PTP (with less than $400 million assets and $200 million revenue), $12,000 annual; large PTP (with more than $400 million assets and $200 million revenue), $16,000 annual; national investment banking firm, $11,000 annual; regional investment firm (banking/law/accounting/other service firm), $6,000 annual.