Finra lifts halt on OTC equity securities, will resume full operations at 1 pm ET
OTC Markets said Friday morning that the Financial Industry Regulatory Authority (Finra) has halted trading in equity securities through its markets.
"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.
The company, which facilitates trading of penny stocks and other equities, told CNBC that its subscribers were experiencing delays in updating quotes.
Earlier, a twitter account linked to OTC reported that there were systems issues.
OTC tweet.
OTC Markets said it is working with Finra on plans to reopen trading.
Last week Reuters reported that Finra is looking to close its own OTC Bulletin Board and increase its regulations and oversight over other over-the-counter marketplaces.
This story is developing. Please check back for further updates.
