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Re: bob41 post# 15735

Saturday, 05/29/2010 12:05:55 PM

Saturday, May 29, 2010 12:05:55 PM

Post# of 22746
I know it's not that simple but read this too from the SEC suspension FAQ:

This is from the SEC website:

Will trading automatically resume after ten days?
It depends on the market where the stock trades. Different rules apply in different markets.

For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.

In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.


More FAQ here: http://www.sec.gov/answers/tradingsuspension.htm
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