i only quote some of the info from the ff site: ht
Post# of 9144
(Total Views: 518)
Posted On: 08/16/2021 6:16:56 PM
i only quote some of the info from the ff site: https://www.extraordinaryinvestor.com/pink-sh...ading.html
because it would be much work too correct other things on the site either bc they have changed or...
"Pink Sheets is part of the OTC market and contain those stocks that trade publicly but, unlike the OTCBB, are not under SEC regulation or any other oversight committee other than the initial filing for inclusion [emphasis added] into the Pink Sheets.
Filing of SEC financial or business reports is voluntary [my editorial - for pink stocks-though many former now downlisted otcqb stocks are sec reporting still].
Stocks must file an application through FINRA to be considered for registration and to begin trading on the Pink Sheets.
FINRA (Financial Industry Regulatory Authority) is the largest independent regulator for all securities firms doing business in the United States.
FINRA's application for Pink Sheets trading is lengthy and difficult and time consuming - more so than registration for the OTCBB or even a stock exchange.
These filing restrictions are a blessing for pink sheet traders but, are not really effective in regulating Pink Sheets or preventing many scams associated with this category of stocks after the initial registration process.
This sector of stocks was formerly listed by the National Quotation Bureau’s (NQB) service.
After that, they were owned and listed by the Pink OTC Markets, Inc - a private company OTC quoting system.
Presently, the Pink Sheets OTC market is under the private company name OTC Markets Group, Inc. . ."
because it would be much work too correct other things on the site either bc they have changed or...
"Pink Sheets is part of the OTC market and contain those stocks that trade publicly but, unlike the OTCBB, are not under SEC regulation or any other oversight committee other than the initial filing for inclusion [emphasis added] into the Pink Sheets.
Filing of SEC financial or business reports is voluntary [my editorial - for pink stocks-though many former now downlisted otcqb stocks are sec reporting still].
Stocks must file an application through FINRA to be considered for registration and to begin trading on the Pink Sheets.
FINRA (Financial Industry Regulatory Authority) is the largest independent regulator for all securities firms doing business in the United States.
FINRA's application for Pink Sheets trading is lengthy and difficult and time consuming - more so than registration for the OTCBB or even a stock exchange.
These filing restrictions are a blessing for pink sheet traders but, are not really effective in regulating Pink Sheets or preventing many scams associated with this category of stocks after the initial registration process.
This sector of stocks was formerly listed by the National Quotation Bureau’s (NQB) service.
After that, they were owned and listed by the Pink OTC Markets, Inc - a private company OTC quoting system.
Presently, the Pink Sheets OTC market is under the private company name OTC Markets Group, Inc. . ."
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