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Re: None

Monday, 04/01/2024 12:50:53 PM

Monday, April 01, 2024 12:50:53 PM

Post# of 81914
Found out why the "D" still remains on SNPWD after ~45 days.

Here's the answer from FINRA:

Effective with the Thursday, November 20, 2014, OTC Daily List, FINRA will reinstate the practice of appending "D" to the root symbol of all OTC equity securities subject to a reverse split and forward split with a CUSIP change. As announced on FINRA's ORF migration industry calls, FINRA discontinued this practice, and as of November 17, 2014, as part of the migration of the OTC Reporting Facility to FINRA's Multi-Product Platform, began adding a "Subject to Corporate Action" flag as detailed in the ORF technical specifications.

For a 90-day transition period, FINRA will reinstate the practice of appending "D" as a fifth character symbol to all OTC equity symbols of issues subject to a reverse split and forward split with a CUSIP change in addition to continuing to use the "Subject to Corporate Action" flag.


https://www.finra.org/filing-reporting/orf/technical-notices/90-day-transition-period-adding-d-otc-equity-symbols-subject-corporate-actions

Disclaimer: Do not rely on my projections or opinions to make a buy or sell decision. Always do your own DD.

Volume:
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Total Trades:
  • 1D
  • 1M
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