lowtrade

[BigBake1]

Here is whats going on, FINRA owns and operates OTCBB which has declining use over the past 5 years. It charges Broker Dealers by each quotation they make per month and the volume of security sold. OTC Market is owned and operated by OTC Markets Group Inc, a public company that trades on it's own OTCQX under the ticker OTCM:

http://www.otcmarkets.com/stock/OTCM/quote

OTC Markets doesnt charge to quote nor does it charge for the amount of volume traded. As you can see the latter business model is likely to be more successful than the other and more attractive to Broker Dealers. The OTC in general has had serious decline over the years, at one time there were 350+ Brokers quoting on the markets, now barely over 60. I would say actively 30+ on daily basis.

It costs FINRA to operate the OTCBB and worse yet the quotation has become so limited on some of these ticker quoted on the OTCBB they really are not providing a full market. Broker Dealers started dumping tickers in earnest about 3 years ago, the sponsoring MM would stop quotation for 4 days thus dropping the ticker from OTCBB to the OTC Markets OTCQB. The writing has been on the wall for years now as the Daily List was typically full of tickers being dropped.

I am all for it, FINRA can now concentrate their efforts on Regulating the OTC Markets full time as they should be.