InvestorsHub Logo
Followers 287
Posts 21275
Boards Moderated 4
Alias Born 09/16/2009

Re: Grandmasim post# 270015

Wednesday, 06/25/2014 8:05:37 AM

Wednesday, June 25, 2014 8:05:37 AM

Post# of 312016
Tell the SEC what? The SEC isnt determining what exact information will be displayed, that is strictly FINRA, they volunteered it all instead of just limiting it to the exchanges. Further the SEC isnt requesting this information due to concerns over manipulation, abuse and or illegal activity. The concern is over efficient pricing of securities, public markets and exchanges are supposed to be the most efficient method of pricing a security.

However if a large portion of volume is sold at different than market prices it may effect that pricing efficiency. Note there is no distinguishing of negative effect, in fact the SEC will tell you it is both over and under pricing that is the concern and not the equilibrium that is achieved in a market.

The OTC itself has similar pricing issues, this stock when it reported for example issued shares that were not priced with market and were often below market value for protection. That in itself effects the over all price in the market, but it is publicly provided as required under the securities act, or at least was until they became delinquent in their reporting requirements. One of the many reasons timely reports are required so that shareholders are informed of such issuance.

There are no Dark Pools associated with the OTC securities, with exception to those that are in fact Reg T eligible. JBII is not being traded in a dark pool, the OTC Link is not a dark pool and Dark Pools are not nefarious nor are the havens for Abusive naked Short Selling.

The SEC isnt calling the ATS, OTC Link specifically a dark pool.