Requiring that information about the issuer and its security be current and publicly available before a broker-dealer can begin quoting that security.To see how these new rules will impact traders, we must understand how the new amendment seeks to modernize Pink No information Securities. The Pink market had over 11,000 securities as of August 31st that could be affected by the amendment and potentially pushed down to the Expert Market if they don’t become current with their filings. This tiered structure provides different levels of transparency, so investors know what type of information is available for each company they wish to trade and allows investors and traders to buy securities in companies not on exchanges like the New York Stock Exchange or the NASDAQ. The Pink market is the most speculative tier of the three markets for the trading of over-the-counter with 11,181 securities.
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