The Securities Exchange Act of 1934 covers the trading of securities in the _____________, defined as the place where one member of the public sells securities to another member of the public.
A) primary market
B) secondary market
C) consumer market
D) labor market

Question

Quizplus · Accepted Answer

The Securities Exchange Act of 1934 covers the trading of securities in the secondary market, which is defined as the place where one member of the public sells securities to another member of the public. The primary market, on the other hand, is the market where securities are issued for the first time through initial public offerings (IPOs) or other means, and the consumer and labor markets are not related to securities trading.

The Securities Exchange Act of 1934 Covers the Trading of Securities