(Total Views: 622)
Posted On: 10/01/2021 9:31:39 AM
Post# of 75426
https://blog.otcmarkets.com/2021/03/25/unders...rt-market/
Quotes in the Expert Market will be “Unsolicited Only.” This means broker-dealers may use the Expert Market to meet their Best Execution responsibilities under FINRA Rules and publish unsolicited quotes representing Limit Orders from retail and institutional investors who are not affiliates or insiders of the company.
Despite the restrictions on who can view quotations, the Expert Market does not impose restrictions on who can trade securities. Rule 15c2-11 governs a broker’s ability to submit, publish or distribute quotations (i.e. bids and offers) in OTC securities. The Rule does not apply to the underlying transactions or the ability of an investor to buy or sell a security.
Contact your broker for information concerning restrictions or qualifications for accessing Expert Market securities.
me----) I think that IF you contact your broker you can still put in bids at specific levels (no market orders possible) The fee for the transaction will probably be around 50$ or more
Quotes in the Expert Market will be “Unsolicited Only.” This means broker-dealers may use the Expert Market to meet their Best Execution responsibilities under FINRA Rules and publish unsolicited quotes representing Limit Orders from retail and institutional investors who are not affiliates or insiders of the company.
Despite the restrictions on who can view quotations, the Expert Market does not impose restrictions on who can trade securities. Rule 15c2-11 governs a broker’s ability to submit, publish or distribute quotations (i.e. bids and offers) in OTC securities. The Rule does not apply to the underlying transactions or the ability of an investor to buy or sell a security.
Contact your broker for information concerning restrictions or qualifications for accessing Expert Market securities.
me----) I think that IF you contact your broker you can still put in bids at specific levels (no market orders possible) The fee for the transaction will probably be around 50$ or more
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