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Trading Symbols
What does a fifth character "E" indicate for an OTCBB security?
The fifth character "E" on an OTCBB trading symbol indicates that NASDAQ does not have information which demonstrates that the issuer of the security is compliant with the filing requirements of Rule 6530, either because the issuer is delinquent in the required filings, has filed an incomplete filing, or, for non-EDGAR filers, because NASDAQ has not been provided a copy of the most recent filing.
The purpose of appending an "E" to the security symbol is to alert all interested parties that the security will be removed from the OTCBB unless evidence of compliance is provided prior to the end of the applicable grace period (30 days for EDGAR filers, 60 days for non-EDGAR filers). Anyone possessing evidence of compliance with Rule 6530 may provide that information by contacting the OTCBB Issuer Filings Department.
My company filed on time, why was an "E" added to our trading symbol?
Other possible explanations for an "E" on the trading symbol include:
The audit opinion is qualified or was not provided
No SAS-100 review was performed (quarterly filings only)
The required 302 Certification was not included in the submission to the SEC
The required 906 Certification was not included in the submission to the SEC
The auditor was not registered with the Public Company Accounting Oversight Board
The 404 opinion was not provided
The filing header was incorrect. It is essential that the filing type, fiscal year end and period end dates are recorded correctly on both the cover page and the document tags.
If the certifications are missing from your filing, NASDAQ will not consider the report to be complete. You must amend your filing to include the certifications. Because the certification relates to the entire Form 10-K or 10-Q filing, the amendment should include the entire filing, not just the signature pages. You should also notify the OTCBB Issuer Filings Department to get the "E" removed. Please see the next FAQ for further instructions.
How do I get the "E" removed from my trading symbol now that my company filings are current?
In order to demonstrate compliance with Rule 6530 and get the "E" removed from an issuer's trading symbol, please call the OTCBB Hotline in the OTCBB Issuer Filings Department. Please leave the following information on the voicemail: your name and phone number, the company name and trading symbol, and filng type and date submitted. It is important to note that you will not receive a return call if your filing compliance is confirmed. Instead, you should check the Daily List for confirmation that your trading symbol will be changed to remove the "E" on the following business date. If compliance is not demonstrated before the publication time of the Daily List, approximately 2:00 PM, then it may not be possible to remove the "E" in time for the next trading day. In that case, you should check the Daily List the day after you call the hotline for notification that the symbol will be changed at the opening of the market on the second day after you made the call to demonstrate compliance.
How long does it take to get an "E" removed from my trading symbol?
Generally, it takes one business day after compliance is verified. However, depending on timing of the company's filing and verification by NASDAQ, it may take two business days
