56  3

      .      
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.

    NASDAQ   ,
   .      , 
  - (inside quotes)    ( 
    ),       
 .

  NASDAQ, ,    -
 (    ),   
  {National market system, NASDAQ/NMS).    
 ,    ,    NASDAQ, 
     .  ,  ,
  NASDAQ/NMS,       -
  (.  2.4).     NASDAQ,  -
  {Small Cap Issues, NASDAQ Small Cap},  ,   -
   NASDAQ.      -
  ,      . 
          
,       ( ,   -
   )      
 .

   , NASDAQ      -
 () .   ,  ,  -
         '3. -
      ,      ,  ,
  {markup).          
,    ,  ,   {markdown)  .
(         .)  
     5%   .     
 {Securities and Exchange Commission, SEC)   ,
         .

          
NASDAQ,         
.  ,       -
   .  ,     --
    .    . 3.2, 
 1992 . 4764        NASDAQ14. 
           NYSE
,   ,    ,  NASDAQ -
 NYSE.

  NASDAQ    ,   
,     . ,     
 ,     NASDAQ,  , -
    NASDAQ,      
{pink sheets),       .

3.2.4       

 70-      -     -
  ,     NYSE,    ,
      .  -
    .  ,  -