David Lazar's OTC SPAC's/CUSTODIAN Plays

[CaoPanShou]

The new rules focus is on Brokers/Dealers ability to quote stocks that are delinquent. It is not about de-listing. Brokers are not involved in de-listing. De-listing usually requires a suspension first. suspended tickers are then moved to the exp mkt or grey mkt. That all takes time, the SEC is attempting to limit trading in dark/defunct tickers until they can run the process of suspending(which is more complicated than just being delinquent)

It becomes difficult to run a P&D on a ticker that brokers won't quote. You can't make money on it if no body can buy it.

basically it is making Brokers take more responsibility for what goes on.