... and a registration statement must be filed 1 Chapter 24Securities OperationsFinancial Markets and Institutions, 7e, Jeff MaduraCopyright ©2 006 by South-Western, a division of Thomson Learning. ... between $1000 and $3,000Most discount brokers offer some degree of research on a website 2 Chapter OutlineInvestment banking servicesBrokerage servicesSources of incomeRegulation...