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What are OTC Market Tiers?

April 26, 2017market OTC Tiers

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What are OTC Market Tiers?

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↑Top OTC market tiers are a classification schema developed by Pink OTC Markets for OTC market securities. All OTC securities are assigned a Market Tier based on their reporting method (SEC Reporting, Alternative Reporing Standard) and disclosure category – Current, Limited or No Information. Securities listed on OTCQX, the highest OTC Market Tier, are required to have Current disclosure in addition to the QX listing requirements. Securities within OTCQB Market Tier must be SEC, Bank or Insuance reporting and must be Current in their disclosure. The OTC market is made up of many different types of companies, ranging from OTCQX companies that strive to be worthy of investor consideration to economically distressed companies to speculative shell companies. OTC market tiers help bring transparency to investors and regulators. More on OTC Market Tiers. What is Caveat Emptor (Buyer Beware)? ↑ Top Caveat Emptor (Buyer Beware) is an additional label that Pink OTC assigns to securities where t