NetworkNewsBreaks – OTC Markets Group Initiates Discussion Regarding SEC’s Recent Rule Proposal
Dec 4, 2019
OTC Markets Group has invited the investment community to engage in a discussion regarding the SEC’s recent rule proposal on the Publication or Submission of Quotations Without Specified Information, which governs the public quoting of securities on OTCQX, OTCQB and Pink markets. In response to the proposal, OTC Markets recently published preliminary comments including several recommendations to enhance the effectiveness of the rule in the event that the SEC decides to implement the proposed amendments. OTC Markets also published a webinar on understanding the impact of the SEC’s Rule 15c2-11 Proposal. Among other changes, the rule proposal would require that up-to-date information about a company must be publicly available for that company to be quoted on OTCQX, OTCQB and Pink markets. The proposal also recognizes the OTC Markets Group disclosure standards and would allow broker-dealers to rely on its current information designations (including OTCQX, OTCQB and Pink designations) to submit quotations in these securities and bring companies to the public markets. OTC Markets Group encourages all members of the investment community to submit comments regarding the rule proposal.
To view instructions on how to submit comments, visit http://nnw.fm/C4Hcb
To submit a public comment, visit http://nnw.fm/tl7rP
About OTC Markets Group
To create better informed and more efficient financial markets, OTC Markets Group organizes securities into three markets based on the quality and quantity of information companies disclose. For more information, visit www.OTCMarkets.com.
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