Not really. Of the many thousands of SEC suspended companies, I believe the exact number that successfully completed a Form 15c2-11 to return to pink sheet trading is.........1. Just one. And that wasn't quick as it took 2 years or so to complete, and didn't last for long. And that did not occur recently.
The exception is CNTO. It was suspended a few months ago. It's since returned to the OTCQB for reasons that are unclear. There are no MMs making a market, so no new Form 211 has been filed or approved by FINRA. The MMs are, however, publishing unsolicited quotes.
The same thing happened with MDDD. I've written to FINRA and to the SEC asking for an explanation. It seems to be a return to the bad old days rather than an improvement. Until around 2007, formerly suspended stocks almost invariably continued to trade with published quotes. Some called them "one-legged Pinks".
What's particularly odd is that this seems to be a subversion of the SEC's stated policy. Only a few weeks ago, Chairman Mary Jo White said in a speech about enforcement efforts:
These trading suspensions perform a critical investor protection function—not only do they stop trading in the company’s stock for ten days, but they also have the effect of preventing market makers from displaying quotes in those securities until the company updates its public disclosures.
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