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Re: MWM post# 6528

Thursday, 06/14/2012 11:41:21 AM

Thursday, June 14, 2012 11:41:21 AM

Post# of 17809
Pinksheets is NOT an exchange, it is simply a quotation service.

http://en.wikipedia.org/wiki/OTC_Markets_Group

Pinksheets does derive all information from for trades from the DTCC and FINRA, both owned and controlled by the same MM's that provide all trades. So, you're saying all the trading and reporting that are done in that self contained group of organizations that have no outside checks and balances is completely accurate? OK.

I'm not as trusting as you, I'd rather have different entities own and operate the different parts of the U.S.'s trading institution and have an outside audit performed periodically for accuracy sake.


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