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

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Prepare for the Certified Anti-Money Laundering Specialist Certification (CAMS) exam. Study with multiple choice questions, each with hints and explanations. Boost your chances of success!

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What is the function of the Pink Sheets?

To display stock market news
To provide quotes for securities traded over the counter
To list public companies
To offer investment advice

The correct answer is: To provide quotes for securities traded over the counter

The Pink Sheets serve a specific function in the securities market by providing quotes for securities traded over-the-counter (OTC). This includes stocks that are not listed on major exchanges such as the NYSE or NASDAQ. The Pink Sheets allow investors and traders to access information about these OTC securities, including bid and ask prices, enabling them to make informed trading decisions. This platform is particularly important because it includes listings for many smaller companies that may not meet the stringent requirements for larger exchanges, thereby giving them access to capital markets. The Pink Sheets do not focus on news dissemination, company listings like larger exchanges do, or offer direct investment advice; their primary role revolves around facilitating easier trading and information dissemination for OTC securities.