DD Support Board and Research Team

[janice shell]

Yep I mentioned this last week to Janice. Going to be interesting to see what happens with the bonds.

What's curious is that nobody in a position of authority has said anything about it.

Thing is, the bond issuers were never compliant with Rule 15c2-11. When OTC Markets bought the NQB back in the late 90s, they got the Yellow Sheets--junk bonds--along with the Pinks, but far as I know, they never did anything with it.

And of course it's FINRA that's developing a "modified" Form 211 for IDQSs to file instead of the "standard" Form 211, which will still be used by MMs. The modified form won't be revealed till the 28th. But what about bonds? Wouldn't they require at least some different information?

The really shocking thing is that bond experts say there're about 2.5 MILLION OTC bond issues...