dbmm otc QB and QX rule change it will be good
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dbmm otc QB and QX rule change it will be good for us .
New Regulatory Developments Impacting Our Marketplaces
SEC Considers OTCQX® and OTCQB® Marketplaces “Established Public Markets” for Purposes of Equity Line Financing Registrations
On May 16, the SEC updated its Compliance and Disclosure Interpretations stating that the OTCQX and OTCQB marketplaces are now considered “established public markets” for the purposes of establishing a public market price when registering securities for resale in equity line financings on SEC Forms S-1 or S-3. As a result, companies may use their OTCQX or OTCQB marketplace trading to complete an equity line financing registration statement, and no longer need to have a quote on FINRA's OTC Bulletin Board to be considered having an established public market.
The SEC’s decision comes after a decade of changes and improvements in technology, transparency and regulation in the OTCQX and OTCQB marketplaces, and marks an important development for SEC reporting companies. These companies may now rely on the depth and breadth of broker-dealers quoting and trading on the OTCQX and OTCQB marketplaces to establish a public market price when raising capital.
http://web.otcmarkets.com/new-developments-im...ketplaces/
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