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Re: waterchaser post# 13246

Wednesday, 05/05/2021 8:27:53 AM

Wednesday, May 05, 2021 8:27:53 AM

Post# of 20543
Yesterday the SEC replied to an email I sent earlier.

Dear Investor:

Thank you for contacting the U.S. Securities and Exchange Commission (SEC).

As you may be aware, the "Pink Sheets" is an electronic quotation system that displays quotes from broker dealers for many over-the-counter (OTC) securities. They are published today by Pink Sheets LLC, a privately owned company. Pink Sheets LLC is not registered with the SEC in any way and it is not a FINRA Broker-Dealer. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. This is contrary to other exchanges like the New York Stock Exchange and the Nasdaq, which require companies listed on their exchanges to file periodic financial reports with the SEC. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to thoroughly research any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by Rule 15c2-11 under the 1934 Act to have some information about the issuer. You should ask your broker-dealer whether it has any Rule 15c2-11 information. The SEC has more information concerning the Pink Sheets at: http://www.sec.gov/answers/pink.htm.

Sincerely,

Rinell Randolph
Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission