Which of the following statements is most correct?
A) Because global depository receipts are listed on the London Stock Exchange, U.S. investors cannot buy GDRs through a broker in the United States.
B) Foreign stocks can be traded in the United States if they are registered with the Securities and Exchange Commission.
C) The fourth market is a market for large blocks of listed stocks that operates outside the confines of the organized exchanges.
D) Foreign stocks cannot be traded in the U.S. by U.S. citizens.

Question

Quizplus · Accepted Answer

Foreign stocks can be traded in the United States if they are registered with the Securities and Exchange Commission. The other choices are incorrect. A) U.S. investors can buy GDRs through a broker in the United States, but they will be traded on the OTC market, not on the London Stock Exchange. C) The fourth market is a market for trading in unlisted securities, not listed stocks. D) Foreign stocks can be traded in the U.S. by U.S. citizens.

Which of the Following Statements Is Most Correct