Both TSX and SEC guidelines recommend that the firm not purchase more than ________ of the average daily trading volume in its shares on a single day,nor make purchases at the market open or within 30 minutes of the close of trade.
A) 10%
B) 15%
C) 25%
D) 35%

Question

Quizplus · Accepted Answer

The correct answer is 25% of the average daily trading volume in its shares on a single day, as recommended by both TSX and SEC guidelines to avoid market manipulation.

Both TSX and SEC Guidelines Recommend That the Firm Not