ok, let's put it this way then, and please READ this carefully:
The OTC market and broker-dealers’ activities in the market are regulated by FINRA, the SEC and various state securities regulators. As well, companies with SEC-registered securities are regulated by the SEC. OTC Markets Group is neither a stock exchange nor self-regulatory organization (SRO) and is not regulated by FINRA or the SEC.
OTC Markets Group’s quotation and trading system is only open to registered broker-dealers and those broker-dealers are subject to FINRA rules and regulations regarding their conduct and use of the OTC Markets Group systems.