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Friday, April 12, 2019 3:50:48 PM
If you're saying that on the OTCQX, OTC Markets "assigns" MMs, it does not.
ALL OTC stocks must comply with SEC Rule 15c2-11. In order to remain in compliance, at least one MM must be making a market in the stock. If the stock doesn't have published quotes for more than four trading sessions, it will lose compliance with Rule 15c2-11 and be kicked to the Grey Market.
Last I saw, SPRV was not Grey”.
Thanks for the factual information, Janice - it’s obvious there are MMs making a market simply by viewing the market maker activity on L2.
MISINFORMATION debunked.
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