FINRA’s Proposed Sale of OTCBB

FINRA is the self regulatory agency for the securities industry and currently own the OTCB quote system.

Last September, FINRA announced the proposed sale of the
www. otcbb.com.
http://www.finra.org/Industry/Compliance/MarketTransparency/P119958

The sale has not been completed but has caused objection from www.otcmarkets.com, formerly the “pink sheets”.

Most industry observers are siding with OTC pink sheets, as you can see by the following links, including the SEC comments:

http://www.ibtimes.com/articles/26955/20100604/over-the-counter-bulletin-board-otcbb-your-days-may-be-numbered.htm

http://www.sec.gov/comments/sr-finra-2009-077/finra2009077.shtml

It appears the days are numbered for the OTCBB quote system.  Most market makers I have spoken to feel OTC pink sheets has a superior quotations system, but it will be interesting to see how this plays out.

I welcome any comments.

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Michael Fearnow
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FINRA · OTCBB · pink sheets