InvestorsHub Logo
Followers 8
Posts 326
Boards Moderated 0
Alias Born 12/14/2012

Re: None

Monday, 01/13/2014 11:02:47 AM

Monday, January 13, 2014 11:02:47 AM

Post# of 4484
Blah, blah from the SEC. Money gone. Scammers get off scot free.
For information about how trading suspensions work and what you may expect regarding the trading of your securities going forward, please read our investor bulletin at: http://investor.gov/news-alerts/investor-bulletins/trading-suspensions.

As is explained in the investor bulletin, the way a stock resumes trading depends on where the stock originally traded. Different rules apply in different markets. For stocks that are quoted in the OTC market (which includes stocks quoted on the Bulletin Board and OTC Link (f/k/a Pink Sheets)), the resumption of quoting does not automatically occur when a ten-day suspension ends. Before OTC stock quoting can begin after the suspension period, SEC regulations require a broker-dealer to review specific information about the company in accordance with Exchange Act Rule 15c2-11 and FINRA Rule 6432. If a broker-dealer does not have confidence that a company’s financial statements are reasonably current and accurate in all material respects, especially in light of the questions that may have been raised by the SEC suspension action, then a broker-dealer may not publish a quote for the company’s stock. The OTC markets function through dealer systems where only broker-dealers may quote and facilitate trading in OTC stocks.