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US over-counter trading tightens reporting, other standards
NEW YORK, March 26 Wed Mar 26, 2014 4:15pm EDT
(Reuters) - OTC Markets, the operator of three U.S. over-the-counter equity markets, is rolling out tighter reporting standards and eligibility requirements for its venture-stage market to crack down on stock scams and bolster transparency, the company said on Wednesday.
On May 1 for its OTCQB market, OTC Markets will introduce a new minimum one-cent bid price requirement and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.
The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said.
INTERESTING.....GO SEEK$$$$
OTC Markets also will charge a one-time $2,500 fee for new applicants and an annual $10,000 fee for companies trading on its markets.
Foreign companies that are listed on a qualified stock exchange and are current in their U.S. reporting obligations will be allowed to trade on OTCQB, OTC Markets' middle-tier marketplace. In the past, they traded on the lowest "pink" tier.
On Tuesday, the two most actively traded stocks on OTC Markets on Tuesday were French dairy products maker Danone SA and Swiss pharmaceuticals Roche Holding AG .
Trading volume on OTC Markets was 20.1 billion shares on Tuesday, about three times that of all U.S. stock exchanges and other trading venues. But the value traded, $1.4 billion, paled in comparison with the $263.4 billion executed on the other exchanges and venues, data from BATS Global Markets showed. (Reporting by Herbert Lash)
sell me your shares i want another 2mil
definitely possible if slam news is solid im looking to grab more once I liquidate some trash lol and rein-invest in this gem up 3gss lol
I know this is in april but when someone get the info on conference call number please post it. I want to listen in this time around
the uplisting will take this through the roof
whats up every buddy just checking in on my fellow investors lol i should say money bag holders haha
lvgi will be a continued pipeline for cash
gear will make us thousands thats exactly why i want another spin off like slam booze and nutrition big market lots of interest =)
who are u ....lol exactly
up it goes good for you we pass 25 today enjoying watching
news trends in the around 1030 am
it will lol
lets take down the 25s
these 25s are vital to our move lets tear it down
just hold she will break through its inevitable
support huge movin up
i say it once news is dropped we touchs 3s n 4s
o yaaaaaaa lol
battle for cheapies begins
let the party begin
slam news we hit 3s or 4s
my suggestion to all who want to add place your order tnite or you will be chasing and thats no fun. Id rather see your order filled vs. chasing it simply sucks!
cha ching
the successful spinoffs are gonna make this company more appealing each time around i dont doubt we see those pennies again copper and even nickel....:)
and if they spin off slam #winning
thats all your gonna get lol
lol yesir this stock has made me cash everytime
good evening my fellow investors ....its money ball time this week
nice post ,,good info buddy
welcome to my world of profits... welcome aboard haha enjoy
LMAO GOODLUCK WITH THAT HAHA YOU WILL BE WAITING AWHILE BECAUSE IT WONT HAPPEN LOL I WOULD DEFINITELY STAY WITH YOUR COMEDIC CAREER CHOICE BECAUSE THAT MY FRIEND WAS FUNNY ....SARCASM
someone explain to me what news we are waiting for exactly?
exactly people get scared and take profits but investors who do their research knows its only the begginning
HOLD FOR YOUR NEXT GROUP OF GIFT SHARES I HAVE A FEELING SOMETHING BIG IS ABOUT TO POP THIS THING UPWARD
ya it will when do u think news will hit next week
IM STILL HOLDING STRONG WOOOO
which products
ICAT COUNT HOW MANY TIMES THIS STOCK HAS MADE ME MONEY
lets go ladies and gents grab your 17s
told u so hhaah woooo