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Cassandra

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Cassandra

Re: BridgeBuilder1 post# 22749

Tuesday, 09/02/2014 11:55:28 AM

Tuesday, September 02, 2014 11:55:28 AM

Post# of 22918
That's correct. When an OTC company is suspended by the SEC, it loses its Rule 15c2-11 qualification, can no longer be quoted by market makers and becomes a grey market stock. The only way to reestablish qualification is to have a market maker essentially sponsor the company by submitting a Form 211 to FINRA, which would have to approve it.
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