Solar Energy Initiatives Inc (SNRY)

[CaoPanShou]

The SEC made this rule revision to hasten the suspending and demoting of bad actors in the OTC. Its not a new process, just now a faster one. Non-compliance allows the SEC to suspend the ticker from trading for 15 days. After the suspension period the ticker come back but, is demoted to Grey or Exp Market status. At that point it can only be traded by verbal order amongst the MM's. They are not allowed to quote it electronically until the company satisfies requirements to get elevated back to pink.

(getting a ticker revoked is another process entirely but these are the first steps in that as well)

I really suspect there is a lot of wiggle room here. Sept. deadline gets the ball rolling but, simply being in communication with the SEC may go along way towards avoiding any suspension. It is really about forcing companies to behave.