The least liquidity in the securities shown below would be found: in securities traded on the Pink Quote system in securities listed on regional stock exchanges in T-bills

in general obligation issues

When a corporation announces that it is seeking additional equity capital through a sale of additional authorized but unissued shares, this is a secondary distribution this is a primary distribution this is an IPO this is a split offering

Among the differences between an introducing broker-dealer and a clearing carrying broker-dealer is that clearing firms: Maintain possession and control of securities and introducing firms do not. Are members of all major securities exchanges and introducing firms are not. Are permitted to engage in investment banking and underwriting of new issues of securities and introducing firms are not. All of these are differences.