Law Blog Tag: Broker-Dealers

FINRA Proposes New Category Of Broker-Dealer For “Capital Acquisition Brokers”

SEC Proposes Broadening Of Broker-Dealer Registration Rules To Include Proprietary And High-Frequency Traders

SEC Announces Examination Priorities For 2015; Focus On Transfer Agents, Investment Advisers and Broker Dealers

January 20, 2015 in Broker-Dealer, Uncategorized

Penny Stock Rules And Broker Dealers

The OTCQX And OTCQB Are Finally Recognized As “Established Public Markets” By The SEC

NASDAQ To Acquire Sharepost And Create The NASDAQ Private Exchange

An Update On Dealing With The DTC Following The SEC’s Ruling On International Power Group, Ltd.

Back in October and November of 2011, I wrote a series of blogs regarding DTC eligibility for OTC (over-the-counter) Issuers. OTC Issuers include all companies, whose securities trade on the over-the-counter market, including the OTCBB, OTCQB and pinksheets. Many OTC Issuers have faced a “DTC chill” without understanding what it is, let alone how to correct the problem. In technical terms, a DTC chill is the suspension of certain DTC services with respect to an Issuer’s securities. Those services can be book-entry clearing and settlement services, deposit services or withdrawal services. A chill can pertain to one or all of these services. In the case of a chill on all services, the term of art is a “global lock.”