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Re: DDHOUND post# 7294

Wednesday, 09/19/2012 5:04:37 PM

Wednesday, September 19, 2012 5:04:37 PM

Post# of 11811
OTC Markets obligations

Two links with excerpts from each:
First is the OTCMarkets site
Second is from the U.S.Securities and Exchange.

My concern is that there has been no evidence that MIHL is even registered with SEC. Thats when the accountability kicks up considerably,


http://www.otcmarkets.com/companies-advisors/otc-company-overview

Regulation of the OTC Market
Although OTC Markets Group operates many of the services used to trade OTC securities, we do not regulate the companies or the trading in the OTC markets. Stock exchanges have specific quantitative and qualitative listing and maintenance standards, which are stringently monitored and enforced. Companies listed on a stock exchange have reporting obligations to the exchange, and an on-going regulatory relationship exists between the exchange and its listed companies. OTC Markets facilitates quotation of unlisted securities by broker-dealers. As such, there is no regulatory relationship between OTC Markets and the companies whose securities are quoted on its platform.

http://www.sec.gov/answers/pink.htm

OTC Markets Group Inc. is not registered with the SEC in any way and it is not a Financial Industry Regulatory Authority (FINRA) Broker-Dealer. OTC Markets Group Inc. does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in OTC Link tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the Nasdaq Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in OTC Link can be among the most risky investments. That's why you should take extra care to thoroughly research any company quoted exclusively in the OTC Link. Be aware that some broker-dealers are required by Rule 15c2-11 under the 1934 Act to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest.

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Total Trades:
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