The ADR/GDR program of the parent company of inves
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Posted On: 08/07/2017 3:38:42 PM
The ADR/GDR program of the parent company of investorshub ADVFN plc (IHUBY) is terminated as of August 7th 2017. This means you can't buy/invest on the otcmarket in the US in the parent company of investorshub so you have to buy the stock through an international exchange. See http://www.otcmarkets.com/market-activity/deleted-symbols and click Deletions.
What is an ADR?
"Certificate issued by a US bank for the common stock (ordinary shares) of a non-US corporation, held by the bank in a custodial-account. Denominated in US dollars, it is a negotiable-instrument and gives its holder the benefits and privileges of a stockholder.
ADRs can be traded on the US stock exchanges (and in over-the-counter markets) just like the securities issued by the US corporations."
I wonder why this ADR/GDR program for US investors has been terminated. Did the parent company of investorshub feel the heat of the SEC and decide to retreat from the US completely?
What is an ADR?
"Certificate issued by a US bank for the common stock (ordinary shares) of a non-US corporation, held by the bank in a custodial-account. Denominated in US dollars, it is a negotiable-instrument and gives its holder the benefits and privileges of a stockholder.
ADRs can be traded on the US stock exchanges (and in over-the-counter markets) just like the securities issued by the US corporations."
I wonder why this ADR/GDR program for US investors has been terminated. Did the parent company of investorshub feel the heat of the SEC and decide to retreat from the US completely?
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