Replies to post #97493 on GrowLife Inc (PHOT)

[janice shell]

That's a hard question to answer. Things have changed since FINRA wrote it. On 17 November 2014, FINRA, which had previously run the OTCBB platform, shut it down. At least they said they did. The reason was that hardly anyone used it. OTCMarkets' platform had become far more popular with MMs, because FINRA charged those MMs to make a market in OTCBB issuers's stock. OTCMarkets charges them nothing.

Still, both FINRA and the SEC continue to use the term "OTCBB". They need to think up something else.

FINRA does, however, still deal with OTC issuers in a number of ways. For example, it clears Forms 211. Without clearance by FINRA, the stock will trade on the Greys, or, in some circumstances, on an unsolicited quotes basis. FINRA also deals with corporate action requests; in some circumstances, it can refuse them.