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Posted On: 02/16/2022 1:56:27 PM
Post# of 36541
No more GNBT REAL-TIME LEVEL 2 QUOTE on the OTC
https://www.otcmarkets.com/stock/GNBT/quote
OTC Market (Microcap Stock) – Changes to SEC Rule 15c2-11
https://ibkr.info/article/3956
https://www.otcmarkets.com/learn/15c2-11-resource-center
"The Rule does not apply to the underlying transactions or the ability of an investor to buy or sell a security, but rather the ability to publish a quotation, or an “indication of interest,” to the greater investing public."
Indication of Interest
https://en.wikipedia.org/wiki/Indication_of_interest
https://www.investopedia.com/terms/i/ioi.asp
https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf
https://www.otcmarkets.com/files/Quote%20Elig...0Chart.pdf
Conclusion
Your guess is as good as mine.
Maybe cut down on Day Trader volatility with no Level 2 quotes
Probably just be harder to buy/sell GNBT stock
Question
What changed from yesterday to today with GNBT to make the OTC change to the Expert Market??
https://www.otcmarkets.com/stock/GNBT/quote
OTC Market (Microcap Stock) – Changes to SEC Rule 15c2-11
https://ibkr.info/article/3956
https://www.otcmarkets.com/learn/15c2-11-resource-center
"The Rule does not apply to the underlying transactions or the ability of an investor to buy or sell a security, but rather the ability to publish a quotation, or an “indication of interest,” to the greater investing public."
Indication of Interest
https://en.wikipedia.org/wiki/Indication_of_interest
https://www.investopedia.com/terms/i/ioi.asp
https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf
https://www.otcmarkets.com/files/Quote%20Elig...0Chart.pdf
Conclusion
Your guess is as good as mine.
Maybe cut down on Day Trader volatility with no Level 2 quotes
Probably just be harder to buy/sell GNBT stock
Question
What changed from yesterday to today with GNBT to make the OTC change to the Expert Market??
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