Series 6 - Investment Company And Variable Contracts Products Representative Exam
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The fourth market is a market for:
Institutional investors trade large blocks of stock in privately negotiated transactions unassisted by BDs.
A
Exchange-listed securities being traded in the OTC market.
B
IPOs
C
EFTs
D
Explanations
The fourth market is a market for institutional investors in which large blocks of stock, both listed and unlisted, trade in privately negotiated transactions unassisted by BDs.