The NASDAQ, an over-the-counter (OTC) market has registered and supervises more than 8000 brokerage firms and more than 650,000 securities representatives.

Question

Quizplus · Accepted Answer

The NASDAQ is not an over-the-counter (OTC) market; it is a global electronic marketplace for buying and selling securities. The description of registration and supervision of brokerage firms and securities representatives more accurately applies to the Financial Industry Regulatory Authority (FINRA), not the NASDAQ.

The NASDAQ, an Over-The-Counter (OTC) Market Has Registered and Supervises