Security exchange not updating
The first formal stock market in its modern sense, was a pioneering innovation by the VOC managers and shareholders in the early 1600s.
where stock brokers and traders can buy and sell shares of stock, bonds, and other securities.
There is usually no obligation for stock to be issued via the stock exchange itself, nor must stock be subsequently traded on the exchange.
Such trading may be off exchange or over-the-counter.
Stock exchanges may also provide facilities for issue and redemption of securities and other financial instruments and capital events including the payment of income and dividends.
Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds.
Usually, there is a central location at least for record keeping, but trade is increasingly less linked to such a physical place, as modern markets use electronic networks, which give them advantages of increased speed and reduced cost of transactions.
The initial public offering of stocks and bonds to investors is by definition done in the primary market and subsequent trading is done in the secondary market.
The term bourse is derived from the 13th-century inn named "Huis ter Beurze" (center) in Bruges.
From Dutch-speaking cities of the Low Countries, the term 'beurs' spread to other European states where it was corrupted into 'bourse', 'borsa', 'bolsa', 'börse', etc.
SEC - 12/01/2017 The SEC's Division of Corporation Finance has published an updated version of Financial Reporting Manual.
The manual serves as an internal, informal reference document to provide general guidance to SEC staff when reviewing for compliance with SEC reporting rules.