OTC Markets Group (OTCM) to Effect New Eligibility Standards to Improve OTC Markeplace
Effective May 1, 2104, OTC Markets Group will roll-out a set of new eligibility standards for companies looking to trade on the OTCQB® Venture Stage Marketplace. The new measures, which slightly vary according to whether the entity is an SEC, bank, or internationally reporting company, tighten eligibility to improve reliability of information available to investors. More than 3,000 securities currently trade on the OTCQB, and while OTC Markets has improved the marketplace in the past seven years, feedback from company executives and investors suggest there’s more room for improvement for the venture-stage marketplace. In response, OTC Markets has developed a…