Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam

The primary characteristic of the Pink Sheets system is that it provides quotes for over-the-counter traded securities. This system is known for listing stocks that are not traded on the major exchanges like the New York Stock Exchange or NASDAQ. It includes many smaller, less established companies, as well as shares of companies that do not meet the stringent listing requirements of the larger exchanges. This makes it a platform where investors can find a wider array of investment options, particularly in less regulated or emerging business sectors. The Pink Sheets also allow for less disclosure than is required on major exchanges, giving it a unique place in the securities market. The information provided on the Pink Sheets can therefore vary significantly in terms of reliability and availability, which is crucial for investors to consider.