InvestorsHub Logo
Followers 71
Posts 13221
Boards Moderated 2
Alias Born 05/30/2004

Re: chemist72 post# 81656

Monday, 04/01/2024 1:54:56 PM

Monday, April 01, 2024 1:54:56 PM

Post# of 81885
The "90-days" referred to in that notice is the transition period for transitioning between FINRA policies. The transition period began on 11/20/2014 and ended 90 days later. During that time both the old policy and the new policy were in effect. After the 90 day transition period ended, only the new policy was in effect. The 90 days refers to the policy change transition, not to the amount of time the D remains on stocks.

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.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SNPW News