Cache Inc (CACH)

[VeronicaFox]

NEW SEC PROPOSED RULE REGARDING NO DISCLOSURE STOCKS

CACH has not made any disclosures either to the SEC or to OTC Markets since Feb. 2016. They also have not disclosed financials since Sept. 2014. Putting them in jeopardy of being suspended by the SEC.

In addition, recently the SEC filed a proposal that will become effective after the 60 day period and by a comment period.

Essentially the proposed RULE is designed to remove all 15c2-11 qualifications for Market Maker representation when there is NO CURRENT information/disclosures from every OTC stock. This RULE could adversely affect every delinquent SEC registered stock and every not-registered stock on the OTC that has no current info/disclosures.

This RULE could 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 proposed 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 can go to the Grey Market by default as well as 100's of other no-disclosure stocks that could lose their Market Maker representation.

https://www.sec.gov/rules/proposed/2019/34-87115.pdf