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Wednesday, July 21, 2010 5:58:09 PM
The Security and Exchange Commission (SEC) has recognized and acknowledged the problems of the OTC market for years, but with over 9,300 OTCBB and Pink Sheet traded companies, it has, quite simply, been underpowered to fully address these issues to the level that it requires. Resurgence is happening with the SEC recently cracking down hard on unethical promoters and companies with this trend fully expected to continue. Aiding in this effort to create more transparency, the OTCQX has been gaining popularity as its primary goal is to provide a premiere platform of information for investors based on the company’s compliance to meet a higher set of standards.
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