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Re: janice shell post# 107083

Friday, 04/12/2019 3:50:48 PM

Friday, April 12, 2019 3:50:48 PM

Post# of 132363
WTF?? MMs CHOOSE to make a market in specific stocks or not. They aren't "assigned", except, in some cases, by their superiors.

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.