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Re: PennyStockPickz post# 188295

Thursday, 02/25/2016 4:36:50 PM

Thursday, February 25, 2016 4:36:50 PM

Post# of 194796
The SEC has no power to halt stocks. The exchanges halt exchange-listed stocks for a variety of reasons:

http://www.sec.gov/answers/tradinghalt.htm

FINRA is authorized to halt OTC issues in certain circumstances, but these halts are infrequent except for foreign issuers:

FINRA lumps halts and suspensions together: An H10 halt is really an SEC suspension:

http://otce.finra.org/TradeHaltsCurrent

As you can see, except for the three SEC suspensions, all of the companies on the FINRA list are foreign issuers. Probably they were halted on their home exchanges for pending news, various kinds of reorganizations or the like.