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Re: garrox post# 111612

Monday, 03/01/2021 4:03:45 PM

Monday, March 01, 2021 4:03:45 PM

Post# of 111729
Right because they currently use an exception to the Form 211, that exception will no longer be offered. Just as the exemptions will also go away, that is the point. It forces the broker dealers to rely upon current information on OTC Markets to maintain a Form 211 for quotation, otherwise there are no exemption or exceptions to quote the stock any longer.

You can thank the "grey" market for the zombie tickers that started trading like "normal", that got the SECs attention and well OTC Markets couldnt come up with a good argument to stop this new rule from going into effect.