If we are 'educating' those on the board-this is from a reputable site: How can companies comply with Rule 15c2-11?
OTC Markets Group has modified its reporting standards to collect the information required by the amended Rule 15c2-11.
To comply with the amended rule, your company will need to make certain information public, follow existing reporting customs under federal securities laws, and make required disclosures public. If your company meets OTC Markets reporting standards and utilizes the OTC Disclosure & News Service then you comply with 15c2-11.
Companies that will remain eligible for public markets will include companies that comply with OTCQX Rules, OTCQB Standards and Pink Basic Disclosure Guidelines, and those that comply with SEC (or equivalent home country organization) requirements. There will be restrictions on shell companies and unsolicited quoting.