OTC Bulletin Board

RECENT NEWS
OilVoice  Dec 9  Comment 
Breitling Energy Corporation OTCBB BECC announces participation in a unique new prospect the Company believes has upside economic viability. 39This is an opportunity we feel is a good fit for t
OilVoice  Oct 14  Comment 
American Sands Energy Corp. OTCBB AMSE provide investors with an update on the permitting process for its Sunnyside Project. The Company originally submitted its Notice of Intention to Commence Lar
OilVoice  Oct 9  Comment 
Virtus Oil and Gas Corporation OTCBB VOIL announce that the seismic reprocessing and interpretation efforts of its recently purchased 47 miles of 2D seismic data in the Parowan Project now reaches
Benzinga  Oct 6  Comment 
Asterias Biotherapeutics, Inc. (OTCBB: ASTY) announced today that it received approval to list its Series A common stock on the NYSE MKT under the ticker symbol "AST." The Company's shares are expected to begin trading on the NYSE MKT on October...
DailyFinance  Sep 25  Comment 
ML Capital Group, Inc. Sponsors Upcoming Cancer Walk Event "Race for the Cure" to Raise Awareness of Its Products and Support Breast Cancer Awareness MonthFOUNTAIN HILLS, AZ -- (Marketwired) -- 09/25/14 -- ML Capital Group, Inc. (OTCQB: MLCG)...
DailyFinance  Sep 23  Comment 
Curtis Braly, the up-and-coming country music artist sponsored by RWB Ultra-Premium Handcrafted Vodka, the premiere distilled spirit of the Aristocrat Group Corp. (OTCBB: ASCC), announced today he has signed a recording deal...
OilVoice  Sep 23  Comment 
SAExploration Holdings Inc. NASDAQ SAEX OTCBB SAEXW announce a project award extension for an existing contract in Alaska and three new project awards for logistical support and seismic data ac
DailyFinance  Sep 18  Comment 
FOUNTAIN HILLS, AZ -- (Marketwired) -- 09/18/14 -- ML Capital Group, Inc. (OTCQB: MCLG) (OTCBB: MLCG) is proud to introduce the Micro Globe 2 in 1 -- Dry Herb & Wax Atomizer to its SuperStar™ line of products. The product is a combination of...
DailyFinance  Sep 16  Comment 
Principled Equity Market Fund (OTCBB:PEQKL) announced today that its shares are being traded on the OTC Bulletin Board Market under the symbol PEQKL. “We are glad to have our shares traded in this marketplace to allow...
DailyFinance  Sep 15  Comment 
The Boston, MA law firm Shapiro Haber & Urmy LLP wishes to notify InVivo investors that it filed the only class action securities fraud suit that has been brought against InVivo Therapeutics Holdings Corp. (“InVivo”) ...




 

The OTC Bulletin Board, or OTCBB, is an electronic inter-dealer quotation system that displays real-time quotes, last-sale prices and volume information for many over the counter (OTC) equity securities that are not listed on the NASDAQ, NYSE or any other national securities exchange. The OTCBB started operations in 1990, with the aim to provide transparency in the OTC market, facilitating the dissemination of quotation and last-sale information as a pilot program. The SEC approved the operation of the OTCBB on a permanent basis only in 1997.OTCBB securities include national, regional and foreign equity issues, warrants, units, American Depositary Receipts (ADRs) and Direct Participation Programs (DPPs).

Any broker-dealer who subscribes to the system can use the OTCBB to look up prices or enter quotes for OTC securities.

Issuers quoted on the OTCBB must be fully reporting (i.e. current with all required SEC filings) but have no market capitalization, minimum share price, corporate governance or other requirements to be quoted.

Companies which have been delisted from stock exchanges for falling below minimum capitalization, minimum share price or other requirements often end up being quoted on the OTCBB.

Shares of non-reporting companies (those without current SEC filings) may be quoted in the Pink Sheets. Most OTCBB companies are dually quoted, meaning they are quoted on both the OTCBB and the Pink Sheets.

The SEC issues stern warnings to investors to beware of common fraud and manipulation schemes when investing in OTC markets including the OTCBB and Pink Sheets. As such, most companies choose to list on more established exchanges such as the AMEX, NYSE or NASDAQ once eligible.

You're right, the internet is a pecfret example of how technology marches on, steadily aided by commercial forces (There's still the middle of the Sahara desert and the Mariana trench, of course holdouts from internet access !).HOwever I've found that internet access from aircraft remainssomewhat unpredictable. While I've effortlessly sent and received mails from my laptop during transatlantic flights as early as 2006, more recently I've found that for whatever reason internet access is often intermittent or unavailable aboard aircraft.Somewhat less edifyingly, I'm afraid the same commercial forces will soon make cellphone calls routine on flights.

Reporting Requirements

Since July 2000, all OTCBB issuers have been subject to SEC reporting requirements including quarterly and annual financial information, as well as other company information. Filings made with the SEC pursuant to Section 13 or Section 15(d) of the Securities Exchange Act are available to the public through EDGAR, the SEC's on-line database of company filings.

Features

The OTCBB:

  • provides access to more than 3,300 securities;
  • includes more than 230 participating Market Makers;
  • electronically transmits real-time quote, price, and volume information in domestic securities, foreign securities and ADRs; and
  • displays indications of interest and prior-day trading activity in DPPs.

Eligibility

A member shall be permitted to quote securities on the OTCBB by satisfying any one of the four requirements below:

1. the issuer is listed on one or more regional stock exchanges, and does not qualify for dissemination of transaction reports via the facilities of the Consolidated Tape; or

2. the issuer of the security is required to file reports pursuant to Section 13 or 15(d) of the Exchange Act or the security is described in Section 12(g)(2)(B) of the Exchange Act, and, subject to a thirty calendar day grace period, the issuer of the security is current in its reporting obligations, or

3. the security is described in Section 12(g)(2)(G) of the Exchange Act and, subject to a sixty calendar day grace period, the issuer of the security is current in its reporting obligations, or

4. the issuer of the security is a bank or savings association (or a holding company for such an entity) that is not required to file reports with the SEC pursuant to Section 13 or 15(d) of the Exchange Act and, subject to a sixty calendar day grace period, the issuer of the security is current with all required filings with its appropriate Federal banking agency or State bank supervisor (as defined in 12 U.S.C. 1813).

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Investor Protection

It is important to note that FINRA has no regulatory authority over OTC Bulletin Board issuers. FINRA's responsibilities include establishing rules governing its broker-dealers members' business conduct; setting qualification standards for securities industry professionals; examining members for their financial and operational condition as well as their compliance with appropriate rules and regulations; investigating alleged violations of securities laws; disciplining violators of applicable rules and regulations; and responding to inquiries and complaints from investors and members.

Due to the high level of risk involved in investing in Penny Stocks, the SEC created Rule 15g-2, which makes it "unlawful for a broker or dealer to effect a transaction in any penny stock for or with the account of a customer unless, prior to effecting such transaction, the broker or dealer has furnished to the customer a document containing the information set forth in Schedule 15G, Rule 15g-100, and has obtained from the customer a manually signed and dated written acknowledgement of receipt of the document."

Stocks listed on the OTC Bulletin Board

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