In its 2013 Form 10-K report filed with SEC, the Goldman Sachs Group make the following statements about its business activities: Investment banking serves corporate and government clients around the world. We provide financial advisory services and help companies raise capital to strengthen and grow their businesses. What investment banking services does Goldman Sachs provide? “The Volcker Rule does not permit a bank entity to engage in market-making activity.” Explain why you agree or disagree with this statement. In its 2013 Form 10-K report, the Goldman Sachs Group stated that “in March 2012, we began redeeming certain interests in our hedge funds and will continue to do so.” Why and what is the impact? On May 7, 1999, the investment banking firm Goldman Sachs converted from a partnership to a corporation and completed an IPO in which it sold 5 millions shares of common stock. Why do you think Goldman Sachs converted to a corporation? Wy was the sale of its common stock referred to as an IPO?