Grey Market or Grey Sheet Q & A

[Ecomike]

Here is what I found so far:

Grey Market

There are no market makers in this security. It is not listed,
traded or quoted on any stock exchange, the FINRA BB or
OTC Link. Trades in grey market stocks are reported by
broker-dealers to their Self-Regulatory Organization (SRO)
and the SRO distributes the trade data to market data vendors
and financial websites so investors can track price and
volume. Since grey market securities are not traded or quoted
on an exchange or interdealer quotation system, investor's
bids and offers are not collected in a central spot so market
transparency is diminished and Best Execution of orders is
difficult.


Expert Market

Private market to serve broker-dealer pricing and best
execution needs in securities that are restricted from public
quoting or trading. Restrictions can be based on issuer
requirements, security attributes, investor accreditation and/or
suitability risks.