Friday, October 17, 2014 1:24:23 PM
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OTC Markets will resume trading operations at 1 p.m. ET Friday after a temporary halt from the Financial Industry Regulatory Authority (Finra).
OTC said it will provide non-actionable quote updates beginning at 12:45 p.m., and then resume trading 15 minutes later.
"FINRA has imposed a quoting and trading halt in all OTC equity securities as of 11:05:06 a.m. ET due to a lack of current quotation information currently available in the marketplace for OTC equity securities. FINRA will notify the market when quoting and trading in all OTC equity securities may resume," the agency wrote in a media release.
Read More Penny stock soars to $6B, and even the auditor is perplexed
The company, which facilitates trading of penny stocks and other equities, told CNBC after the halt that its subscribers had been experiencing delays in updating quotes.
Earlier, a twitter account linked to OTC reported that there were systems issues.
TRUTH
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