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Does quotation on the Pink Sheets or the OTCBB market negate the need for manual exemption?

April 26, 2017manual market negate otcbb pink quotation sheets

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Does quotation on the Pink Sheets or the OTCBB market negate the need for manual exemption?

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No. Quotation on any electronic bulletin board allows brokers to trade securities listed but does not allow brokers to recommend/solicit the retail market for interest in these securities. Furthermore, unsophisticated investors are deterred from trading securities quoted on these facilities.