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What is the difference between the primary market and the secondary market? Primary market transactions take place on an exchange; secondary market transactions trade in

What is the difference between the primary market and the secondary market? Primary market transactions take place on an exchange; secondary market transactions trade in the over the counter (OTC) market. Primary market transactions are unregulated by the Securities Act of 1933; secondary market transactions are regulated b the Securities Act of 1933. Primary market transactions involve only institutions; secondary market transactions involve retail investors. Primary market transactions are issuer transactions; secondary market transactions involve trading between investors

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