ROLE OF INVESTMENT BANKERS

Usually, investment bankers are

Brings together firms not really bankers, and generally do not
invest on the securities they are selling.
(source of securities)
and investors.
 INITIAL PUBLIC OFFERING

First sale of PRIMARY

common stock to MARKET
the public
 UNDERWRITING

Buying the
securities with the
intention of selling
the same to the
general public
BEST EFFORTS AGREEMENT

There is no
guarantee.
 ROLE OF SECURITIES AND
EXCHANGE COMMISSION

Protect the investing

public
https://www.bworldonline.com/philippine-mutual-
funds/
WHY SARBANES-OXLEY ACT WAS
CREATED?

RECITATION
 WHY SARBANES-OXLEY ACT WAS
CREATED?
SEC. 906. CORPORATE RESPONSIBILITY FOR
CERTIFICATION OF PERIODIC FINANCIAL REPORTS.
—Each periodic report containing financial statements filed
by an issuer with the Securities Exchange Commission
pursuant to section 13(a) or 15(d) of the Securities Exchange
Act of 1934 (15 U.S.C. 78m(a) or 78o(d)) shall be
accompanied by a written statement by the chief executive
officer and chief financial officer (or equivalent thereof) of
the issuer.
 SARBANES-OXLEY ACT

SEC. 1001. SENSE OF THE SENATE REGARDING

THE SIGNING OF CORPORATE TAX RETURNS BY
CHIEF EXECUTIVE OFFICERS. It is the sense of the
Senate that the Federal income tax return of a
corporation should be signed by the chief
executive officer of such corporation.
THANK YOU!