Securities Exchange Act Rule 15c2-11 governs broker and dealer quotations for non-NASDAQ over-the-counter (OTC) equity securities. It ensures that brokers and dealers review and maintain specific issuer information before publishing quotations. This applies to securities traded on platforms like the OTC Bulletin Board and Pink Sheets.
For non-reporting public companies to have their securities quoted on the OTC Bulletin Board (OTCBB), they must:
- File required disclosures through a FINRA-member market maker.
- Ensure sufficient free-trading stock in their public float.
- Submit a Form 211 with FINRA for market eligibility.
Mountain Share Transfer helps companies navigate the 15c2-11 process by:
- Assisting with disclosure statement preparation and filing.
- Ensuring compliance with SEC regulations and reporting requirements.
- Supporting companies in obtaining OTC market quotations.
