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Re: BrianILCh1 post# 1180

Friday, 04/27/2007 11:27:23 AM

Friday, April 27, 2007 11:27:23 AM

Post# of 53324
The bids/asks are unsolicited

All the quotes you see on pinksheets.com are unsolicited (for SKCI).

Unsolicited Quote
An unsolicited quote is one which represents an "Unsolicited Customer Order". Publishing unsolicited quotes allows a broker/dealer to meet an exception to Rule 15c2-11, which requires a broker to have in its possession current information, including financial information, about the issuer of the securities . To avail itself of this exception to SEC Rule 15c2-11, an NASD member firm must ensure that the quotation published or submitted: (1) is solely on behalf of a customer; (2) represents the customer's indication of interest; and (3) does not involve the solicitation of the customer's interest.


It's not UBSS you have to kick off the ask.

Regards