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Saturday, August 07, 2021 2:35:22 PM
https://www.schwab.com/resource/otcexpertmarket
Charles Schwab
September 28, 2021 new amendments to Rule 15c2-11 under the Securities Exchange Act of 1934 go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors. Ahead of the regulatory enforcement date, Schwab will only accept orders to liquidate positions (i.e. no new buy orders) starting in late August 2021. Please note: After the amendment officially goes into effect on September 28, 2021 it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
The Securities and Exchange Commission (SEC) amended Rule 15c2-11 under the Securities Exchange Act of 1934 on September 15, 2020. It regulates how broker-dealers initiate or resume pricing quotations for certain securities traded in the over-the-counter (OTC) market.
The list of restricted securities is subject to change at any time. You will be responsible for any trading decisions, including any tax consequences of such trades, and agree that Schwab will not be liable for any future appreciation of securities that were sold. OTC Markets Group is a third-party financial market that provides price and liquidity information for over-the-counter-traded securities. Charles Schwab & Co., Inc. is not liable for the accuracy of or errors or omissions in information provided by third-party resources. This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.
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