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janice shell

09/29/21 3:31 PM

#191595 RE: 1manband #191594

I hope that's the eventual result. It's extremely cynical for OTC Markets to allow unsolicited trading in nearly every one of its new "Expert" issuers.

And I think they should be stopped from doing that.

After all, on the form that has to be filled out--by whom, nowadays--in order for a stock to be quoted on an unsolicited basis, it says:

OTC Markets, as a matter of policy, does not believe that the Unsolicited Quote Exemption should be used to circumvent the FINRA Form 211 process.

That policy seems to have been thrown out the window.

https://www.otcmarkets.com/files/unsolicited-quote-form-1514935916031.pdf
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Chiron

09/29/21 4:42 PM

#191598 RE: 1manband #191594

The OTC is dead with the exception of Pink Current stocks. Many SEC fraud investigators will lose their jobs.
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Renee

09/29/21 11:31 PM

#191623 RE: 1manband #191594

It has been my impression that the Brokers will step up and collectively be the gatekeepers the SEC insists they be.

We're seeing TDA and a few other Brokers forbidding opening positions and only allowing liquidating orders for companies not compliant with Amended Rule 15c2-11, whether the stocks trade on the Grey Market or the Expert Market. Once they're all onside with no buy orders/liquidation only the Expert Market will hopefully go the way of the DODO bird.

Cross yer fingers, throw salt over your shoulder, 3 coins in a fountain, whatever works.