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janice shell

04/12/19 3:02 PM

#107083 RE: Saving Grace #107079

WTF?? MMs CHOOSE to make a market in specific stocks or not. They aren't "assigned", except, in some cases, by their superiors.

If you're saying that on the OTCQX, OTC Markets "assigns" MMs, it does not.

ALL OTC stocks must comply with SEC Rule 15c2-11. In order to remain in compliance, at least one MM must be making a market in the stock. If the stock doesn't have published quotes for more than four trading sessions, it will lose compliance with Rule 15c2-11 and be kicked to the Grey Market.

Last I saw, SPRV was not Grey.