InvestorsHub Logo
Followers 44
Posts 2115
Boards Moderated 0
Alias Born 05/01/2018

Re: None

Tuesday, 05/15/2018 8:06:33 PM

Tuesday, May 15, 2018 8:06:33 PM

Post# of 16205
"Will trading automatically resume after
ten days?"

From SEC.gov:

"For stocks that quote in the OTC market (which
includes stocks quoted on the Bulletin Board and
OTC Link (f/k/a Pink Sheets)), quoting does not
automatically resume when a ten-day suspension
ends. Before OTC stock quoting can resume after a
suspension period, SEC regulations require a brokerdealer
to review specific information about the
company in accordance with Exchange Act Rule
15c2-11 and FINRA Rule 6432. If a broker-dealer
does not have confidence that a company’s financial
statements are reasonably current and accurate in all
material respects, especially in light of the questions
that may have been raised by the SEC suspension
action, then a broker-dealer may not publish a quote
for the company’s stock.
The OTC markets function
through dealer systems where only broker-dealers may
quote and facilitate trading in OTC stocks."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.