IMD Companies Inc (ICBU)

[Louinjaxxx]

FYI: Around 11 AM I heard on CNBC that all Over-The-Counter stock reporting had been halted.

Now (1:11 PM) CNBC reports:

OTC Markets will resume trading operations at 1 p.m. ET Friday after a temporary halt from the Financial Industry Regulatory Authority (Finra).

OTC said it will provide non-actionable quote updates beginning at 12:45 p.m., and then resume trading 15 minutes later.

"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 after the halt that its subscribers had been experiencing delays in updating quotes.

Earlier, a twitter account linked to OTC reported that there were systems issues.

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.
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