1. What is the Superintendence of Securities?
The Superintendence of Securities primary objective is to promote, regulate and inquire into the securities market as established by the present law and regulations. As well as maintain transparency in the securities market and its operations by distributing all the necessary information and applying administrative penalties and pecuniary charges as authorized by the present law.
2. What are brokerage houses?
A brokerage house, also called a brokerage firm, is a company licensed to buy and sell stocks or securities. Acting as an intermediary between buyers and sellers, a brokerage house typically employs brokers who carry out the wishes of the firm’s clients as they pertain to the trading of stocks.
3. What is a Securities Intermediary?
A physical person or a company, national or international, who regularly performs securities intermediation activities and public bidding in the stock market or over the counter. Such intermediaries must be authorized to operate by the Superintendence of Securities.
4. What is the Stock Market?
A stock market is a public market for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.
5. What is Over-The-Counter(OTC)?
To trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. It is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e., exchanges), such as future exchanges or stock exchanges.
6. What is the Central Securities Deposit?
A specialized entity that receives securities for custody and administration by means of a secure electronic system.
7. What is the Primary Market?
The market for new securities issues. In the primary market the security is purchased directly from the issuer.
8. What is the Secondary Market?
A market in which an investor purchases a security from another investor rather than the issuer, subsequent to the original issuance in the primary market.