DD Support Board and Research Team

[janice shell]

Just saw on Bloomberg News they talked about the Sept 28th SEC Deadline with Penny Stocks and I guess all the bonds are traded on the over the counter and they are asking the SEC to push the deadline back a few months to sort all this out because all the Bonds would need to be vetted.

That is interesting. I'd been wondering what would happen to the bonds. OTC Markets trades them, because when they bought the National Quotation Bureau back in the late '90s, the Yellow Sheets--junk bonds--came along with the Pink Sheets.

The long list generated by TDA/Schwab includes a lot of bonds, I believe. (Obviously I didn't check all the entries.) But OTC Markets itself said in July that about 2,800 issuers would be affected. That would not have included any bonds.

I don't think the SEC will push back the deadline, so we'll need to watch to see how this is resolved. Do bonds even have to be compliant with Rule 15c2-11? Compliance with the Rule is what this is all about.