Not completely accurate. OTCMarkets wanted more money, so they opened up QB to foreign companies who do NOT report to the SEC. Their standards are often very different and much more lax than the SEC. They are not comparable, and not all OTCQB companies are created equal.
They must also pay a hefty fee to OTCMarkets for the "privilege" of being QB. A waste of money, and many SEC registrants have refused to pay it and are considered "OTC Pink", but in reality the tier is meaningless. They stocks trade in exactly the same manger regardless of tier, since the regulators do not recognize the tiers. Being OTCQB is not the point. The only thing that matters to the regulators is SEC registrant or not SEC registered. Many SEC registrants, both foreign and domestic, don't waste their money paying OTCMarkets for a worthless tier. They trade OTC Pink, but from a regulatory standpoint, all non-exchange traded SEC registrants are the same.
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