SEC Rule 15c2-11. Rule 15c2-11 covers the requirements necessary for the initiation or resumption of electronic quotation of securities in the OTC Markets. FINRA is the regulator responsible for the OTC Markets including the OTCBB and Pink Sheets.
SEC Rule 15c2-11. Rule 15c2-11 covers the requirements necessary for the initiation or resumption of electronic quotation of securities in the OTC Markets. FINRA is the regulator responsible for the OTC Markets including the OTCBB and Pink Sheets.
The 15c2-11 piggyback exception provides that if an OTC Markets security has been quoted during the past 30 calendar days, and during those 30 days the security was quoted for at least 12 days without more than a four-consecutive-day break in quotation, then a broker-dealer may “piggyback” off of prior broker-dealer ...Sep 24, 2020