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Re: chemist72 post# 45396

Tuesday, 10/08/2019 3:12:52 PM

Tuesday, October 08, 2019 3:12:52 PM

Post# of 45833
I saw that yesterday, I was pretty shocked to be honest. If this rule goes into effect as is, many p&d will cease to exist, including this one. There are some exceptions for the few legit companies on the OTC, but in general, if you don’t file your 10K/Q’s on time, the MM’s won’t be able to post the bid/ask for your stock. Broker/dealers will be responsible for ensuring they’re quoting a stock that is current. It would stop a ton of fraud, not sure what the downside is unless you’re a pumper. The degenerate gamblers will have to find another scam to lose money on.