Home > Boards > US OTC > Delisted > Zentric Inc. (fka ZNTR)

The trading suspension and the grey market result

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
TenKay Member Profile
Member Level 
Followed By 270
Posts 33,821
Boards Moderated 5
Alias Born 06/20/11
160x600 placeholder
TenKay Member Level  Friday, 05/18/18 10:06:46 PM
Re: oilin07 post# 14612
Post # of 14639 
The trading suspension and the grey market result are actually two separate issues. The suspension is levied by the SEC. Going grey is a byproduct of that due to FINRA rules.

The suspension is the only unilateral action the SEC is able to take under the law. Anything else, like the revocation has due process with an administrative law judge deciding. It is not up the the SEC to decide...they only act as the prosecutor.

And Congress limited the SEC’s power to act unilaterally to 10 days no matter how bad the transgression may be. It is only meant to act as a warning to investors.

However almost everyone understands that when the SEC suspends it is pretty much a slam dunk case given how few suspensions they hand out relative to the number of “scams” there are in the OTC...thus the pps usually tanks when it re-opens on the grey market.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist