may be of some interests
posted on
Oct 28, 2006 04:29AM
for those of us who gamble in the badlands of the markets:
Today Pink Sheets provides broker/dealers, issuers and investors with electronic and print products and information services designed to improve the transparency of the OTC markets. These products can increase the efficiency of these markets, leading to greater liquidity and investor interest in OTC securities. Recently we have been informed that Pink Sheets has proposed that the SEC adopt a new rule that provides for full disclosure of the identity, compensation and relationships of all participants (i.e., issuers, sponsors, third party promoters, etc.) directly or indirectly engaged in the promotion of stocks in the over-the-counter (OTC) market and that targets the explosion of misleading spam email and fax promotions on OTC stocks and provides for increased transparency and effective disclosure to protect investors from promotion schemes. The full rule change request is available for you to read at: http://sec.gov/rules/petitions/petn4- 519.pdf