股票证券场外交易市场

Brokers, dealers in the over-the-counter market, and even the stock exchanges themselves must register with the SEC.

场外市场上的经纪人和商人，甚至股票交易所本身都必须在证券交易委员会那里登记。

Especially cash-strapped developers are forced to borrow from the domestic curb market at annual interest rates as high as 40%. But the maturity periods of such loans are usually measured in days, so the pressure on the borrower to repay blunts their usefulness.

尤为要紧的是，资金短缺的开发商不得不在股票证券场外交易市场中借入利率高达40%的贷款，而这类贷款的还款周期一般都以日为计算单位，因此借方还款的压力会降低贷款的利用率。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。