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            | Topic: | Miscellaneous | 
        
            | Number of pages / Number of words: | 11 / 3022 | 
                
    
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So the
corporations used it to issue off more stock to the public to pay off
their debts (Hoover, 1993, p. 2). As if interest rates didn't have enough effect on brokerage firms, there is also the heavy competition that was involved. This competition is not only from other top brokerage firms such as Merrill Lynch, Morgan Stanley, Primerica (Smith Barney Shearson), Salomon, and Goldman Sachs, but there is also competition from big banks and securities over seas...
        
        
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This competition is not only from other top brokerage firms such as Merrill Lynch, Morgan Stanley, Primerica (Smith Barney Shearson), Salomon, and Goldman Sachs, but there is also competition from big banks and securities over seas. Banks have a number of ways to compete with security firms, but the most prevalent and direct is through mutual funds...
        
        
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