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The Twilight Zone: OTC Regulatory Regimes and Market Quality

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NBER2013-08-01 更新2025-01-04 收录
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We analyze a comprehensive sample of more than 10,000 U.S. OTC stocks. We provide much needed descriptive evidence on this market and show that the OTC market is a large, diverse, and dynamic trading environment with a rich set of regulatory and disclosure regimes, comprising venue rules and state

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2013-08-01
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