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Re: sandman47 post# 977

Wednesday, 06/22/2005 3:36:07 PM

Wednesday, June 22, 2005 3:36:07 PM

Post# of 13573
Compliance with Rule 15c-211 and Form 211 Filing

Before quoting a new issue on the OTC Bulletin Board® or the Pink Sheets, an introductory market maker must demonstrate compliance with SEC Rule 15c2-11, which involves a substantial amount of due diligence culminating with a filing of the Information Statement on Form 211 with the regulators. Interested issuers would make the due diligence process as timely and efficient as possible if they do some front-end "homework:" research the requirements of SEC Rule 15c2-11.