In the context of NYSE, a trading transaction at a trading post goes first to............ and then to.............., who will

• a SEC investigator; a specialist; send the transaction to commission broker for review only

• a commission broker; a specialist; execute the order

• Charles Swab; Morgan Stanley; review the transaction and send it over the specialist for a final price check

• Vanguard; a Fidelity specialist; execute the order

A red herring prospectus contains which of the following information

Multiple Choice

• descriptions of the firm, its officers, board of directors, and their financial stakes at the firm

• the firm's financial statements

• what is being offered, any pending legal case against the firm that could affect the security issue

• all of the choices