You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of:

Question

Quizplus · Accepted Answer

The fact that the trade occurred on the NYSE and that it involved the transfer of already issued shares indicates that this is a secondary market transaction. In a secondary market transaction, investors buy and sell securities from one another, rather than from the issuing company directly.

You Recently Sold 200 Shares of Apple Stock to Your