Home > Boards > US OTC > Cannabis > Sunset Island Group Inc (SIGO)

My .02 is that if the the new

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
surfkast Member Profile
Member Level 
Followed By 933
Posts 100,039
Boards Moderated 19
Alias Born 06/10/06
160x600 placeholder
surfkast Member Level  Wednesday, 10/09/19 10:24:59 AM
Re: chemist72 post# 45402
Post # of 45467 
My .02 is that if the the new rules go into effect as stated, all companies will need current information.

FACT SHEET

Publication or Submission of Quotations Without Specified Information

Proposed Amendments

The Commission proposed amendments to Exchange Act Rule 15c2-11 that are intended to modernize the Rule and better protect retail investors from incidents of fraud and manipulation in over-the-counter (“OTC”) securities. The Rule provides for the publication and submission of quotations by a broker-dealer in a quotation medium for securities that are not listed on a national securities exchange. Prior to submitting or publishing a quotation, a broker-dealer must review certain basic information about an issuer.

The Commission’s proposed amendments would (i) provide greater transparency to investors and other market participants by requiring that information about the issuer and the security be current and publicly available; (ii) limit certain existing exceptions to the Rule to provide greater protections to retail investors; (iii) reduce regulatory burdens on broker-dealers quoting certain OTC securities that may be less susceptible to potential fraud and manipulation; and (iv) streamline the Rule and remove obsolete provisions without undermining the important investor protections of the Rule.

https://www.sec.gov/news/press-release/2019-189

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