New Rules Aimed at Cleaning Up Pink Sheets
Often thought of as the wild west of the market, officials with Pink Sheets announced that this month the exchange would begin enacting safeguards aimed at making the highly-speculative market a little safer to trade in.The exchange said that May would mark the beginning of a process of categorizing companies listed on the Pink Sheets, based on their willingness to provide information to the marketplace. At first companies will be assigned a proposed category, and the information will show up on their company information page on http://www.pinksheets.com/. Starting Aug. 1, however, those categories will become final, and a small graphic…