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.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.
Your source for Quality Public Shells
Go Public Institute
Michael Fearnow
President
FINRA · OTCBB · pink sheets
