GUMZSA/GREEN TEAM BOUNCE PLAYS

[gumzsa]

Ya for now. Not sure whats gonna happen when September 28th hits.


On September 28, 2021,
new requirements take effect that will impact the market
for—and value of—certain “over-the-counter (OTC) securities”
you currently hold or have held in the past.

The new rules apply to “Pink No Information” OTC securities
of companies that fail to publicly report and keep current financial
and other company information and will restrict
the ability of U.S. brokers, like E*TRADE
from making these products generally available.

Some background on the new requirements

The Securities and Exchange Commission (SEC)
recently adopted amendments to SEC Rule 15c2-11
governing the submission and publication of OTC quotations.

These amendments will prohibit broker-dealers
from submitting or publicly disseminating
bid/ask quotations for OTC securities of issuers
that do not meet enhanced information filing requirements.

Securities of issuers
that make the required information
publicly available by the deadline in the rule
should not be affected.