He said he didn't hear anything about that.
I copied and pasted this directly from the OTC Marks website, but says nothing about having to be current by June.
MODERNIZING RULE 15c2-11
In September 2020, the SEC issued a final
rule adopting amendments to Exchange
Act Rule 15c2-11, which governs the public
quoting of securities traded on the OTCQX,
OTCQB and Pink markets.
The modernized Rule 15c2-11 will require
that companies provide current information
in order to be publicly quoted by a brokerdealer on our markets. The amended
rule also allows brokers to rely on our
information review and current information
designations to determine whether a
company meets the public information
standards under the rule and can be
quoted. The new Rule 15c2-11 allows us to
play a greater role as a market operator and
gatekeeper by:
Streamlining the path for companies to
begin trading on our markets;
Recognizing us as the record keeper for
issuer disclosure; and
Enabling broker dealers to rely on our
review of company information.
The amended rule recognizes OTC Markets
Group’s disclosure standards, including the
disclosure provided by OTCQX and OTCQB
companies, allowing broker-dealers to
continue to publicly quote the securities on
these markets, subject to certain additional
requirements such as restrictions applicable
to shell companies. We do not anticipate
material changes to the OTCQX and OTCQB
market standards.
For companies not on the OTCQX and
OTCQB markets, the rule generally prohibits
public broker-dealer quoting in “dark”
companies that do not provide current public
information. These securities may be eligible
for quoting on an “Expert Market” where
quote information is not made available to
retail investors.
The compliance date for the new rule is
September 26, 2021. As we move closer
to implementation, we continue to work
collaboratively with the SEC to ensure an
efficient and smooth transition that prioritizes
market efficiency and capital formation while
enhancing investor protection.
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