Replies to post #96281 on Beneficial Holdings Inc (BFHJ)

[nosfelle]

Impacted Pink companies should provide the required disclosure to OTC Markets by June 30th. This will ensure that our Issuer Compliance Team has sufficient time to review and update market status for companies prior to the rule’s compliance date on September 28th. Securities that do not meet the Rule’s disclosure standard will have their public quotes removed from Pink as of the September deadline.

https://www.otcmarkets.com/corporate-services/information-for-pink-companies



Companies that are designated as “Pink No Information” or otherwise fail to provide current information as required by the Rule will no longer be eligible for public quoting, subject to certain limited exceptions (for example, certain quotations submitted on an “unsolicited” basis). If these companies do not take proactive steps to make disclosure available before the September 2021 compliance date, they will move to the Expert or Grey market.


https://blog.otcmarkets.com/2021/01/26/transforming-the-otc-markets/#:~:text=Rule%2015c2%2D11%20serves%20as,biotech%20startups%20to%20multinational%20corporations.




***The SEC's Amended Rule 15c2-11 will come into effect in September where all Alternate Reporting (not registered with the SEC) will be required to have accurate and adequate disclosures at OTC Markets, and I suspect even delinquent SEC registered stocks will also lose compliance to Rule 15c2-11 and consequently lose Market Maker quotations.

Every investor's FIRST due diligence is to check EDGAR to see the reporting status of any stock being considered for stock trading.

https://www.sec.gov/edgar/searchedgar/companysearch.html

[Gatsby]

Some
Volume today!