Second-tier Securities Market differ from the First-tier Securities Market in that the former is?

A. highly restricted
B. regulated by the SEC
C. regulated by the NIPC
D. less restricted

Correct Answer:

Option D – less restricted

Explanation

The First Tier Securities Market provides a forum for buying and selling of shares of companies in the market. The First-Tier markets are for well established large scale. companies.

A second-tier security market is a market where securities of companies that cannot be traded in the first-tier security market are quoted. It is for smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange