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Second-tier Securities Market differ from the First-tier Securities Market in that the ...

Second-tier Securities Market differ from the First-tier Securities Market in that the former is?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Highly restricted
  • B Regulated by the SEC
  • C Regulated by the NIPC
  • D Less restricted
Correct Answer: Option D
Explanation:
The First Tier Securities Market provides a forum for buying and selling of shares of companies in the market. The First-Tier markets are for well established large scale. companies.
 A second-tier security market is a market where securities of companies that cannot be traded in the first-tier security market are quoted. It is for smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange

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