Monday, September 30, 2019 10:03:28 AM
Last week the SEC filed a proposal that will become effective after the 60 day period for comments has expired.
Essentially the proposed RULE will remove all 15c2-11 qualifications for Market Maker representation when there is NO CURRENT information/disclosures from every OTC stock. This RULE will adversely affect every delinquent SEC registered stock and every not-registered stock on the OTC that has no current info/disclosures.
This RULE will diminish the need for SEC Suspensions where the SEC has to spend time to find delinquent SEC Registered stocks and OTC stocks that DO NOT have any current information. The new RULE will place all responsibility on Brokers and Market Makers to ensure ALL information and disclosures are current, and if not current to remove their quotation services, automatically placing those stocks on the Grey Market by default.
CACH will go to the Grey Market by default as well as 100's of other no-disclosure stocks that will lose their Market Maker representation.
https://www.sec.gov/rules/proposed/2019/34-87115.pdf
Some prior posts on CACH:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=120599437
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=120604505
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM