Mngg Going to OTCQB."put us right back to the OTCQ
Post# of 12259
Posted On: 03/16/2015 2:13:20 PM
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Mngg Going to OTCQB."put us right back to the OTCQB fully-reporting tier after the SEC conducts its review."
I posted the wrong link before as OTCQB has replaced OTCBB.
DEFINITION OF 'OTCQB'
The venture stage marketplace for smaller or early-stage companies that report to a U.S. regulator such as the SEC or FDIC. The OTCQB is the middle tier of the three marketplaces for trading over-the-counter stocks provided and operated by the OTC Markets Group. The OTCQB has replaced the Financial Industry Regulatory Authority (FINRA)-operated OTC Bulletin Board (OTCBB) as the main market for trading OTC securities that report to a U.S. regulator. As it has no minimum financial standards, the OTCQB includes shell companies, penny stocks and small foreign issuers.
INVESTOPEDIA EXPLAINS 'OTCQB'
Most broker-dealers electronically quote prices for securities of SEC-reporting companies on the OTCQB marketplace through OTC Link, an inter-dealer quotation and trading system developed by OTC Markets Group. OTC Link is registered with the SEC as a broker-dealer and also as an alternative trading system (ATS). OTC Link enables broker-dealers not only to post and disseminate their quotes, but also negotiate trades through the system’s electronic messaging capability. This feature enabled it to effectively replace FINRA’s OTCBB, which was a quotation-only system.
All broker-dealers that trade OTCQB, OTCQX and OTC Pink securities have to be FINRA members and registered with the SEC; they are also subject to state securities regulations.
As with exchange-traded securities, investors trading OTC securities are protected from an unethical broker-dealer’s illegal practices by the same SEC / FINRA rules such as Best Execution, Limit Order Protection, Firm Quotes, and Short Position Disclosure.
http://www.investopedia.com/terms/o/otcqb.asp
********* OTC markets site also states must meet a minimum bid price test of .01!
OTCQB
The Venture Marketplace
Beginning in 2014, OTC Markets Group is making changes to make OTCQB a better venture marketplace for entrepreneurial and development stage U.S. and international companies. Companies will be required to meet eligibility standards aimed at improving the information available to investors. To be eligible, U.S. and international companies must be current in their reporting, meet a minimum bid test of $0.01, and undergo a new annual verification and management certification process.
OTCQB Key Highlights
Minimum bid price test of $0.01 will remove companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
Improved investor confidence through verified information, confirming the Company Profile displayed on www.otcmarkets.com is current and complete and providing additional information on officers, directors, and controlling shareholders
Greater information availability for investors through news and disclosure posted through the OTC Disclosure & News Service
Transparent prices for investors through full-depth of book with Real Time Level 2 quotes
Current U.S. SEC Reporting and Bank Reporting companies, as well as for the first time, International Reporting companies listed on a Qualified Foreign Stock Exchange, will be eligible for OTCQB. Click here for more information on requirements for each of the Reporting Standards.
Securities of companies that do not either meet the OTCQB standards or qualify for OTCQX will likely continue to be traded by broker-dealers on OTC Pink.
More here-
http://www.otcmarkets.com/marketplaces/otcqb
Another link-
http://www.otcmarkets.com/learn/otcqb
I posted the wrong link before as OTCQB has replaced OTCBB.
DEFINITION OF 'OTCQB'
The venture stage marketplace for smaller or early-stage companies that report to a U.S. regulator such as the SEC or FDIC. The OTCQB is the middle tier of the three marketplaces for trading over-the-counter stocks provided and operated by the OTC Markets Group. The OTCQB has replaced the Financial Industry Regulatory Authority (FINRA)-operated OTC Bulletin Board (OTCBB) as the main market for trading OTC securities that report to a U.S. regulator. As it has no minimum financial standards, the OTCQB includes shell companies, penny stocks and small foreign issuers.
INVESTOPEDIA EXPLAINS 'OTCQB'
Most broker-dealers electronically quote prices for securities of SEC-reporting companies on the OTCQB marketplace through OTC Link, an inter-dealer quotation and trading system developed by OTC Markets Group. OTC Link is registered with the SEC as a broker-dealer and also as an alternative trading system (ATS). OTC Link enables broker-dealers not only to post and disseminate their quotes, but also negotiate trades through the system’s electronic messaging capability. This feature enabled it to effectively replace FINRA’s OTCBB, which was a quotation-only system.
All broker-dealers that trade OTCQB, OTCQX and OTC Pink securities have to be FINRA members and registered with the SEC; they are also subject to state securities regulations.
As with exchange-traded securities, investors trading OTC securities are protected from an unethical broker-dealer’s illegal practices by the same SEC / FINRA rules such as Best Execution, Limit Order Protection, Firm Quotes, and Short Position Disclosure.
http://www.investopedia.com/terms/o/otcqb.asp
********* OTC markets site also states must meet a minimum bid price test of .01!
OTCQB
The Venture Marketplace
Beginning in 2014, OTC Markets Group is making changes to make OTCQB a better venture marketplace for entrepreneurial and development stage U.S. and international companies. Companies will be required to meet eligibility standards aimed at improving the information available to investors. To be eligible, U.S. and international companies must be current in their reporting, meet a minimum bid test of $0.01, and undergo a new annual verification and management certification process.
OTCQB Key Highlights
Minimum bid price test of $0.01 will remove companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
Improved investor confidence through verified information, confirming the Company Profile displayed on www.otcmarkets.com is current and complete and providing additional information on officers, directors, and controlling shareholders
Greater information availability for investors through news and disclosure posted through the OTC Disclosure & News Service
Transparent prices for investors through full-depth of book with Real Time Level 2 quotes
Current U.S. SEC Reporting and Bank Reporting companies, as well as for the first time, International Reporting companies listed on a Qualified Foreign Stock Exchange, will be eligible for OTCQB. Click here for more information on requirements for each of the Reporting Standards.
Securities of companies that do not either meet the OTCQB standards or qualify for OTCQX will likely continue to be traded by broker-dealers on OTC Pink.
More here-
http://www.otcmarkets.com/marketplaces/otcqb
Another link-
http://www.otcmarkets.com/learn/otcqb
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