Many know secondary markets better than the primary markets. This is because the secondary markets are more readily available to the average investor. They are also often in the form of exchanges. The New York Stock Exchange (NYSE) or the National Association of Securities Dealers Automated Quotations (NASDAQ) are examples of this type of exchange. Then, these are regulated by the Securities and Exchange Commission (SEC) under the 1934 Act of Securities Exchange. Furthermore, this is to ensure the accuracy of the companies whose securities are trading on the market.
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