Replies to post #76967 on Mike The Pike Productions Inc (MIKP)

[BigBake1]

Bingo! it is called risk exposure and as you stated the MMs do not expose themselves to OTC securities.

[Entangled Proton]

RE "and any transaction handled within the same broker will generally always be handled as a long position"

It varies from broker to broker, but as a general rule;
A dollar stock is handled as a long position. A penny stock is handled as a short position. When a long penny stock position appears in an acct, the acct is often tagged and handled as a non-margin acct.