Colin, a private individual, sold 1000 shares of stock in DEF Corporation to Colleen, also a private individual.This represents a secondary market transaction.

Question

Quizplus · Accepted Answer

A secondary market transaction involves the buying and selling of previously issued securities, such as stocks, between private individuals or institutions, rather than between the issuing corporation and investors in the primary market.

Colin, a Private Individual, Sold 1000 Shares of Stock in DEF