InvestorsHub Logo
Followers 455
Posts 49989
Boards Moderated 4
Alias Born 02/23/2010

Re: None

Friday, 03/17/2023 10:20:38 AM

Friday, March 17, 2023 10:20:38 AM

Post# of 21148
AAGC is on the List! Amendments to Rule 15c2-11 Regarding Shells: Effective March 28th

The Rule also provides an 18-month transition period for any company that was identified as a shell on the effective date. The 18-month transition period for shell companies to maintain a public market after the implementation of the Amended Rule 15c2-11 is expiring on March 28, 2023. Any company that was a shell on September 28, 2021 will become ineligible for broker-dealer proprietary quotes after March 28, 2023 if it is still a shell on that date.

A list of the shell companies that may no longer be eligible for proprietary public quotes after March 28th is available here. Note that this list is subject to change - if a company ceases to be a shell prior to March 28th, it will remain eligible for public quotations.

https://www.otcmarkets.com/learn/15c2-11-resource-center