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Wednesday, 09/01/2021 9:57:07 AM

Wednesday, September 01, 2021 9:57:07 AM

Post# of 203908
Just got this in my Fidelity messages, lights out soon:

Upcoming regulatory changes to certain OTC securities that you may hold in your account. On September 28, 2021, new Securities and Exchange Commission (SEC) requirements go into effect that will impact the way certain "over-the-counter" ("OTC") securities can be quoted, traded, and valued in your account. These industry-wide requirements impact OTC securities classified as "Pink-No Information," which indicates that the company has failed to make current financial and other company information publicly available. To help improve transparency and investor protection, these securities will be classified as "Expert Market" and the SEC will prohibit market makers from providing quotes.
Next Step
Before September 28, 2021, you may submit requests to sell your securities based on available market maker quotes. Beginning September 28, 2021, market centers may cancel any open GTC sell orders and new orders to sell1 will be treated as “Grey Market” securities when sent for execution and will not be displayed. There may be difficulty or delays in processing your order, which could execute at a price that differs significantly from the last price provided. There may be a change in the value of the position in your account. On or around September 25, 2021, orders to buy Expert Market securities will not be accepted and open GTC orders to buy will be canceled.