Replies to post #16927 on Xinliwang Intl Hldgs. Co. Ltd. (XLWH)

[tonycajjo]

the rule applies to MM's and any stock.

"Securities Covered by Price Test Restriction: The rule generally applies to all equity securities that are listed on a national securities exchange, whether traded on an exchange or in the over-the-counter market."

http://www.sec.gov/news/press/2010/2010-26.htm



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47106583

[Chris21]

Yes OTC is included. 60 days for SEC rule to go into effect, 6 months for brokerages to enact the rules. You can expect it to be toward the end of those 6 months. They have to finish all their short positions after all :)

[BearBully]

Was it incorrect what was said on this board that the college is building a website solely for this project or was that just BS?