OTCM - Nobody! Remember, it doesn't matter what the SEC has to say about FINRA's rules and how FINRA fails to enforce them.
OTCMarkets is no different than a CBOE, who was enabling naked short selling abuses on their watch, and on their quote system.
the CBOE is much larger and is much more monitored by traders and members doing the right thing.
On the other hand, the OTCMarkets are not closely monitored. In fact, not only is FINRA enabling the abuses, but so is the party providing the quotation avenue. Together, they have the SEC convinced that they will alert the SEC to situation that merit their involvement.
Just a matter of time before the OTCMarkets.com site is shut down, and the quoting of OTC stocks are moved to a safe haven.
Now that awareness has been brought to who may be at the heart of the short selling and manipulation of OTC quoted stocks, shareholders in OTC stock can now monitor the party that may be affording the loopholes for abuses.
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