Guys, in order to become listed on the OTCBB, BFAR will need to submit a 10-K form. If not then they will only be able to trade on the pink sheets.
Once FINRA is satisfied with the submission of the 15c 2-11 and the answers to subsequent questions, the Company would be granted an OTCBB listing.
Rule 15c2-11 Filings
Overview
Securities and Exchange Act of 1934 (“Exchange Act”) Rule 15c2-11 governs the submission and publication of quotations by brokers and dealers for certain non-NASDAQ over-the-counter equity securities. Pursuant to the rule, brokers and dealers are required to review and maintain specified information about the issuer of the security before publishing a quotation for that security.
To comply with SEC RULE 15c2-11, A Form 211 must be completed and submitted to the FINRA OTC Compliance Unit by a FINRA market maker. Only after FINRA approval may a stock be quoted on the OTCBB, the pink sheets, or other comparable quotation medium.
Submission
Mark J. Dillon at Pennaluna & Company as a market maker is qualified to file Form 211 under Rule 15c2-11 to allow a company’s securities to trade on public markets.
When you or your client needs a Form 15c2-11 filed with FINRA, the experienced equities broker-dealer Mark J. Dillon at Pennaluna & Company can help. With over 25 years of experience in 15c2-11’s and Form 211 submissions, I will be able to provide you and or your clients with the professional and personalized attention needed when submitting a 15c2-11 and Form 211.
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