TPAC will be sent to the Grey Market in 60 days
Post# of 22940
(Total Views: 501)
Posted On: 09/30/2019 10:08:55 AM
TPAC will be sent to the Grey Market in 60 days
Quote:
Last week the SEC filed a proposal that will become effective after the 60 day period for comments has expired.
Essentially the proposed RULE will remove all 15c2-11 qualifications for Market Maker representation when there is NO CURRENT information/disclosures from every OTC stock. This RULE will adversely affect every delinquent SEC registered stock and every not-registered stock on the OTC that has no current info/disclosures.
TPAC will go to the Grey Market by default as well as 100's of other no-disclosure stocks that will lose their Market Maker representation.
https://www.sec.gov/rules/proposed/2019/34-87115.pdf
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