Since then, a few issuers have pulled up their socks, filed registration statements, or found a market maker willing to file a Form 211 for them with FINRA so they can go public. They’ve moved back to the OTC Markets Pinks or the OTCQB. But most cannot be quoted publicly. And for reasons that have gone unexplained, U.S. brokers are unwilling to allow their clients to buy stock in them, though they’re free to sell old positions.
Too bad the SEC is dragging its feet on changes (that Hamilton is in favor of) that will further help reign in toxic lenders.
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