Thursday, July 01, 2021 12:41:28 AM
https://stockstotrade.com/secs-new-otc-pink-rules/
"But the SEC is also considering a proposal to establish an “Expert Market” for the unregulated OTC Pink stocks that will be impacted by its new rule.
That “Expert Market” would “grant exemptive relief, subject to certain conditions, to permit broker-dealers to publish or submit proprietary quotations for securities, on a continuous basis, in a market where the distribution of such quotations is restricted to sophisticated or professional investors, without complying with the information review and recordkeeping requirements of Amended Rule 15c2-11(a)(1)(i) and (d)(1)(i)(A), respectively.”
Basically, the establishment of an expert market would allow sophisticated high-risk investors to still buy risky OTC Pink stocks while protecting retail traders from exposure to those extremely high-risk buys.
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