Are OTCBB companies considered to be “listed”?
No, the OTCBB is not an issuer listing service, and there is no listing agreement between either the OTCBB or NASDAQ and the issuer. There are, however, certain requirements an issuer must meet in order for its securities to be eligible for a market maker to enter a quotation on the OTCBB. • What are the eligibility requirements for the OTCBB? In order for a security to be eligible for quotation by a market maker on the OTCBB, the security must be registered with the Securities and Exchange Commission (SEC) or other federal regulatory authority that has proper jurisdiction (see below) and the issuer must be current in its required filings with such federal authority. Domestic issues quoted on the OTCBB are limited to the following securities: • securities of issuers that make current filings pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (“Act”); • securities of depository institutions that are not required to make filings under the Act, but file publicly availa
