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Witmer described the case of Charles Gilman, which is also known as the "case of chronic bad spelling." It was one of the earliest published cases of:
Secondary Market
The secondary market is where previously issued securities and financial instruments, such as stocks and bonds, are bought and sold, unlike the primary market where securities are first issued.
Overpriced
A term used to describe securities or assets that are trading above their intrinsic or fair value.
ECNs
Electronic communication networks that facilitate the buying and selling of securities outside traditional stock exchanges.
Transactions Costs
Expenses incurred when buying or selling securities, including broker commissions and spreads.
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