Home
Search results “Otc markets regulation”
OTC Markets| Regulation A+ Bootcamp: Session VI - Markets & Trading
 
42:53
Markets & Trading: Investor Considerations in Regulation A+, Once you Raise Capital – Secondary Trading | Andy Kyzyk, VP of OTC Markets Group View the Presentation: http://bit.ly/2hvZtDL
Views: 79 OTC Markets Group
OTC Markets, OTCQX Benefits, and NASDAQ
 
04:14
OTC Markets, OTCQX Benefits, and NASDAQ - There are many benefits to trading on an exchange such as NASDAQ. The biggest benefits to an exchange are the ability to attract analyst coverage and institutional investors, and the corresponding increase in liquidity that comes with both. Stocks that trade on NASDAQ tend to have a lower bid/offer spread than over the counter securities —again, encouraging trading volume and liquidity. Importantly, exchange traded securities are exempt from the penny stock definition, allowing for more market maker and broker-dealer participation. A broker-dealer cannot recommend a penny stock transaction to its retail clients, and therefore, no analysts, financial advisors, or institutional investors make recommendations for purchases of penny stocks. As an aside, this is one of the reasons that OTC Markets created the OTCQX Market tier, which does not list penny stocks. It is also the reason that the small- and micro-cap industry is pushing for a supported venture exchange. A designated venture market would be one for small-cap companies, which would allow for higher brokerage and trading commissions, be exempt from the prohibitive penny stock rules, and which securities would be considered covered securities under federal securities laws and thus exempt from separate blue sky compliance. I think that the OTC Markets has the foundation to set the OTCQX as a recognized venture exchange platform and would love to see it gain regulatory support in that regard, including blue sky pre-emption. In today’s world it is increasingly difficult to deposit stock and/or trade in non-exchange traded securities. Despite the congressional efforts and SEC rulemaking in support of small and micro cap capital formation (for example, the JOBS Act, including the emerging growth company regulations and IPO on-ramp, new Regulation A+ and Title III Crowdfunding and the new FAST Act), through enforcement and investigative proceedings, both the SEC and FINRA continue to apply pressure on broker-dealers, clearing firms and transfer agents to reduce the secondary trading and free flow of low priced securities. Although these issues need to be addressed on a broader basis, securities listed on NASDAQ and other national exchanges do not face many of these issues. As mentioned, exchange traded securities are considered “covered securities” for purposes of blue sky compliance. That is, transactions with exchange traded securities are exempted from separate state blue sky law registration and exemption requirements. Laura Anthony, Esq. Founding Partner Legal & Compliance LLC. 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: Toll Free: (800) 341-2684 FREE Local: (561) 514-0936 Email: [email protected] #LawCast
OTC Markets Regulatory Recommendations
 
05:41
OTC Markets Regulatory Recommendations- Today is the first in a Lawcast series talking about OTC Markets regulatory recommendations to improve disclosure and combat micro-cap fraud. On March 8, 2018, Cromwell Coulson, CEO of OTC Markets Group, made a presentation to the SEC’s Investor Advisory Committee (“IAC”) as part of a panel on “Discussion of Regulatory Approaches to Combat Retail Investor Fraud.” During the meeting, Mr. Coulson discussed the most serious market risks and presented a list of 14 OTC Market’s regulatory recommendations to improve disclosure and combat these market risks. A review of OTC Markets website on November 6, 2018 shows 10,495 traded securities and approximately $1.1 billion volume of trades. In his remarks to the IAC, Mr. Coulson points out that 98% of the traded dollar volume of companies on OTC Markets make current information available. Echoing the SEC’s “Main Street investor” focus, he states that “[W]e have many stocks on our markets that are completely appropriate to be part of a diversified, long term, investment portfolio, of a main street investor; we also have speculative securities that are only appropriate for risk tolerant trader.” However, certainly the trading in all equity securities, and especially small-cap securities, has risk. Mr. Coulson identifies what he believes are the three biggest risks to retail investors. In particular: (i) manipulative online promotion, including fraudulent and misleading information; (ii) share dilution, including through equity line financings, toxic convertible instruments and illegal share distributions; and (iii) bad actors, with a suggestion to allow for a speedy trading freeze to prevent ongoing frauds. I note that in its recent comment letters to FINRA related to the 15c2-11 process, OTC Markets suggested that it be given the power to institute short-term trading halts in response to improper activity and/or a lack of proper disclosure. As part of OTC Markets’ recently adopted stock promotion policy and best practices guidelines to improve investor transparency OTC Markets conducted an investigative initiative to track promotion activities. Coulson indicates that data reveals that 70% of dollar volume of securities impacted by promotional activities are listed and trade on national exchanges. Moreover, promoted securities usually have significant share dilution and are rarely suspended by the SEC. Although OTC Markets stock promotion policies are helpful, Mr. Coulson suggests that regulatory modernization is also needed to require increased disclosure of online paid stock promotion and the people behind such promotions. Coulson also addressed the issue of short selling. Internet-based forums, especially anonymous forums that are used for stock manipulation, misinformation and fraudulent promotions, proclaim that short selling in small-cap securities is rampant and the cause of downward pricing pressure. The reality is that short selling in small-cap securities is generally minimal due to the high cost of borrow interest and coverage requirements. Most short selling is small companies is completed by market makers with a requirement to close out within 2 days. Coulson actually suggests that in addition to greater transparency and reporting of short selling activity, regulatory changes should be made to encourage heathy short selling and price stabilization efforts by market makers. In the next Lawcast in this series I will continue to highlight Mr. Coulson’s presentation and then go over the 14 regulatory recommendations for change.
OTC Markets| Regulation A+ Bootcamp: State of the Markets with Kim Wales
 
22:16
State of the Markets for Regulation A+. Kim Wales, Founder and CEO of CrowdBureau LLC, and Wales Capital
Views: 140 OTC Markets Group
Pink Sheet OTC Markets
 
03:37
Pink Sheet OTC Markets- Today I am continuing my discussion on the OTC Pink marketplace and quotation criteria. The OTC Pink, which includes the highest-risk, highly speculative securities, is further divided into three tiers: Current Information, Limited Information and No Information, based on the level of disclosure and public information made available by the company either through the SEC or posted on OTC Markets. There are no qualitative standards beyond disclosure for OTC Pink companies, which include companies in all stages of development as well as shell and blank check entities. I have already discussed the current information and limited information levels of OTC Pink. Companies with No Information status on OTC Markets are generally delineated by a “stop” sign and do not provide any current or updated reliable public disclosure. There are a couple additional OTC Market designations to be made aware of. The first is caveat emptor. Companies with a Caveat Emptor designation on OTC Markets are delineated with a skull and crossbones sign. These companies have raised concerns such as improper or misleading disclosures, spam campaigns, questionable stock promotion, investigation of fraudulent or other criminal activity, regulatory suspensions or disruptive corporate actions. While labeled with a skull and crossbones, a company that does not have Current Information or is not on the OTCQB will have its quote blocked on the OTC Markets website. As an experienced OTC Attorney I can confidently state that details determine diligence and the best way to deal with a Caveat Emptor designation is not to incur one to begin with. It is imperative that Pink Sheet Companies operate with crystal clear transparency and strict adherence to all regulatory responsibilities. Companies labeled as Other OTC or Grey Market are delineated by a grey yield sign. These companies do not have a current 15c2-11 and are not eligible for quotation by a market maker or broker-dealer until such time as a 15c2-11 application is made with and accepted by FINRA. Pink Sheet OTC Markets. Laura Anthony, Esq. Founding Partner Legal & Compliance LLC. 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: Toll Free: (800) 341-2684 FREE Local: (561) 514-0936 Email: [email protected] #LawCast
Regulation A+ Roundtable: OTC Markets, McCARTER & ENGLISH, CohnReznick & FundAmerica
 
57:53
Maggie Chou, OTC Markets Group AVP, moderated a panel discussion with David Sorin, Partner, and Joseph Bartlett, Special Counsel for law firm McCARTER & ENGLISH, LLP; Alex Castelli, Managing Partner for accounting firm CohnReznick, LLC; and Scott Andersen, General Counsel for FundAmerica. The speakers addressed practical issues and applications of Reg A+ and provided guidance on how private companies can leverage Reg A+ to finance and grow their businesses.
Views: 2937 OTC Markets Group
OTC Markets Group, Inc. - Interview with Jason Paltrowitz at Crowd Invest Summit 2016
 
05:51
Investor Town Hall interviews OTC Markets Group, Inc. Executive Vice President Jason Paltrowitz while at the Crowd Invest Summit 2016 inside the LA Convention Center. OTC Markets Group, (previously known as "Pink Sheets") is a United States financial market providing price and liquidity information for almost 10,000 over-the-counter (OTC) securities. The group has its headquarters in New York City. OTC-traded securities are organized into three markets to inform investors of opportunities and risks: OTCQX, OTCQB and Pink. For more information visit InvestorTownHall.com or www.otcmarkets.com
OTC Markets Group
 
02:01
VIDEO FINANCIAL REPORTING Why invest in is the first financial video platform where you can easily search through thousands of videos describing global securities. About The Video: We believe that complex financial data could become more approachable using friendly motion-graphic representation combined with an accurate selection of financial data. To guarantee the most effective information prospective we drew inspiration from Benjamin Graham’s book: “The Intelligent Investor”, a pillar of financial philosophy. For this project any kind of suggestion or critic will be helpful in order to develop and provide the best service as we can. Please visit our site www.whyinvestin.com and leave a massage to us. Thank you and hope you'll enjoy. IMPORTANT INFORMATION - DISCLAIMER THIS VIDEO IS FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE. This video has been prepared by Whyinvestin (together with its affiliates, “Whyinvestin”) and is not intended to be taken by, and should not be taken by, any individual recipient as investment advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. The performance of the companies discussed on this video is not necessarily indicative of the future performances. Investors should consider the content of this video in conjunction with investment reports, financial statements and other disclosures regarding the valuations and performance of the specific companies discussed herein. DO NOT RELY ON ANY OPINIONS, PREDICTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. Certain of the information contained in this video constitutes “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. None of Whyinvestin or any of its representatives makes any assurance as to the accuracy of those predictions or forward-looking statements. Whyinvestin expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements. EXTERNAL SOURCES. Certain information contained herein has been obtained from third-party sources. Although Whyinvestin believes such sources to be reliable, we make no representation as to its accuracy or completeness. FINANCIAL DATA. Historical companies’ data, ratios, exchange rate, prices and estimates are provided by Factset research www.factset.com . Whyinvestin does not verify any data and disclaims any obligation to do so. Whyinvestin, its data or content providers, the financial exchanges and each of their affiliates and business partners (A) expressly disclaim the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon. Neither Whyinvestin nor any of our information providers will be liable for any damages relating to your use of the information provided herein. Please consult your broker or financial representative to verify pricing before executing any trade. Whyinvestin cannot guarantee the accuracy of the exchange rates used in the videos. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates. You agree not to copy, modify, reformat, download, store, reproduce, reprocess, transmit or redistribute any data or information found herein or use any such data or information in a commercial enterprise without obtaining prior written consent. Please consult your broker or financial representative to verify pricing before executing any trade. COPYRIGHT “FAIR USE” Whyinvestin doesn’t own any logo different from the whyinvestin’ s logo contained in the video. The owner of the logos is the subject of the video itself (the company); and all the logos are not authorized by, sponsored by, or associated with the trademark owner . Whyinvestin uses exclusive rights held by the copyright owner for Educational purposes and for commentary and criticism as part of a news report or published article. If you are a company, subject of the video and for any reason want to get in contact with Whyinvestin please email: [email protected]
Views: 683 Why Invest In
OTC Markets Stock Promotion Policy
 
05:01
OTC Markets Stock Promotion Policy- As OTC Markets Group continues to position itself as a respected venture trading platform, it has adopted a new stock promotion policy and best practices guidelines to improve investor transparency and address concerns over fraudulent or improper stock promotion campaigns. The stock promotion policy and best practices guidelines are designed to assist companies with responsible investor relations and to address problematic issues. Recognizing that fraudulent stock promotion is a systemic problem requiring an all-fronts effort by industry participants and regulators, the new policy focuses on transparency and disclosure of current information, and the correction of false statements or materially misleading information issued by third parties. For several years, OTC Markets Group has been delineating companies with a skull-and-crossbones sign where they have raised concerns such as improper or misleading disclosures, spam campaigns, questionable stock promotion, investigation of fraudulent or other criminal activity, regulatory suspensions or disruptive corporate actions. While labeled with a skull and crossbones, a company that does not have current information or is not on the OTCQB or OTCQX will have its quote blocked on the OTC Markets website. The new policy addresses: (i) publicly identifying securities being promoted; (ii) identifying fraudulent promotional campaigns; (iii) responsibilities of companies with promoted securities; (iv) the impact on OTCQX or OTCQB designations; (v) caveat emptor policy and stock promotion; and (vi) regulatory referrals. This Lawcast series summarizes both the new stock promotion policy and best practices guidelines. The basic premise behind OTC Markets Group policy on stock promotion is the timely disclosure of material information, which includes the duty to dispel unfounded rumors, misinformation or false statements. Technology has increased the ability for companies, insiders and third parties to engage in improper and manipulative activities, including through spam campaigns, and anonymous social networks and message groups. A company that is the subject of an active campaign or has a history of stock promotion may be denied an application for trading on the OTCQB or OTCQX. A company may be removed from the OTCQB or OTCQX, upon the sole discretion of OTC Markets Group, if it is involved in an active campaign involving misleading information or manipulative promotion. Furthermore, promotional activity of a shell company will result in the immediate removal from OTCQB (shells are not permitted on OTCQX). OTC Markets Group will continue to use the caveat emptor skull-and-crossbones designations as well. Where appropriate, OTC Markets Group will refer a company to the SEC, FINRA or other regulatory agency for investigation.
OTC Markets Listing Requirements
 
05:31
OTC Markets Listing Requirements- OTC Markets divide issuers into three (3) levels of quotation marketplaces: OTCQX, OTCQB and OTC Pink. The OTC Pink, which involves the highest-risk, highly speculative securities, is further divided into three tiers: Current Information, Limited Information and No Information. This blog provides a summary of the listing requirements for each level of quotation on OTC Markets. OTCQX The OTCQX divides its listing requirements between U.S. companies and International companies, though they are very similar. The OTCQX has two tiers of quotation for U.S. companies: (i) OTCQX U.S. Premier (also eligible to quote on a national exchange); and (ii) OTCQX U.S. and two tiers for International companies: (i) OTCQX International Premier; and (ii) OTCQX International. Quotation is available for American Depository Receipts (ADR’s) or foreign ordinary securities of companies traded on a Qualifying Foreign Stock Exchange, and an expedited application process is available for such companies. Issuers on the OTCQX must meet specified eligibility requirements. Moreover, OTC Markets have the discretionary authority to allow quotation to substantially capitalized acquisition entities that are analogous to SPAC’s. OTC Markets Listing Requirements. Laura Anthony, Esq. Founding Partner Legal & Compliance LLC. 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: Toll Free: (800) 341-2684 FREE Local: (561) 514-0936 Email: [email protected] #LawCast
OTC Markets & CSE Cross Border Listing Seminar
 
47:59
Co-presenters James Black of the CSE and Chris King of OTC Markets cover a number of important topics related to Canadian companies seeking to raise capital in the US, such as: - The logistics and benefits of a cross border market presence, including considerations for Reg A+ - The process required for obtaining an OTC quotation, including entrance requirements & fees - The distinctions between the Pink / OTCQB / OTCQX market tiers - How trading and settlement functions in the US marketplace
Views: 207 CSE TV
OTC Markets| Regulation A+ Bootcamp: Session IV with Scott Purcell
 
33:43
Crowdfunding Technology and Compliance, Escrow Agent, ACH, KYC, AML, Fact Checks and Compliance | Scott Purcell, Founder, Fund America. View the Presentation: http://bit.ly/2i6dx7C
Views: 83 OTC Markets Group
OTC Markets| Regulation A+ Bootcamp: Session V with Yoel Goldfeder & Seth Farbman
 
30:03
Importance of the Right Transfer Agent and Getting Shares into Broker Accounts | Yoel Goldfeder, Esq., CEO, VStock Transfer, and Seth Farbman, Esq., Chairman VStock Transfer and former President of Vintage Filings. View the Presentation: http://bit.ly/2hvVLtw
Views: 46 OTC Markets Group
79. The Difference Between Over the Counter (OTC) and Exchange-Based Markets
 
05:15
Practice trading with a free demo account: http://bit.ly/IT-forex-demo3 View full article: http://www.informedtrades.com/20797-difference-between-exchange-traded-over-counter-markets.html When trading stocks or futures you normally do so via a centralized exchange such as the New York Stock Exchange or the Chicago Mercantile Exchange. In addition to providing a centralized place where all trades are conducted, exchanges such as these also play the key role of acting as the counterparty to all trades. What this means is that while you may be buying for example 100 shares of Google stock at the same time someone else is selling those shares, you do not buy those shares directly from the seller but instead from the exchange. The fact that the exchange stands on the other side of all trades in exchange traded markets is one of their key advantages as this removes counterparty risk, or the chance that the person who you are trading with will default on their obligations relating to the trade. A second key advantage of exchange traded markets is that as all trades flow through one central place, the price that is quoted for a particular instrument is always the same regardless of the size or sophistication of the person or entity making the trade. This in theory should create a more level playing field which can be an advantage to the smaller and less sophisticated trader. Lastly, because all firms that offer exchange traded products must be members and register with the exchange, there is greater regulatory oversight which can make exchange traded markets a much safer place for individuals to trade. The downside that is often cited about exchange traded markets is cost. As the firms who offer exchange traded products must meet high regulatory requirements to do so, this makes it more costly for them to offer these products, a cost that is inevitably passed along to the end user. Secondly, as all trades in exchange traded products must flow through the exchange this gives these for profit entities immense power when setting things such as exchange fees which can also increase transaction costs for the end user. Unlike the stock market and the futures market which trade on centralized exchanges, the spot forex market and many debt markets trade in what's known as the over the counter market. What this means is that there is no centralized place where trades are made, instead the market is made up of all the participants in the market trading among themselves. The biggest advantage to over the counter markets is that because there is no centralized exchange and little regulation, you have heavy competition between different providers to attract the most traders and trading volume to their firm. This being the case transaction costs are normally lower in over the counter markets when compared to similar products that trade on an exchange. As there is no centralized exchange the firms that make prices in the instrument that is trading over the counter can make whatever price they want, and the quality of execution varies from firm to firm for the same instrument. While this is less of a problem in liquid markets such as FX where there are multiple price reference sources, it can be a problem in less highly traded instruments. While the lack of regulation can be seen as an advantage in the above sense it can also be seen as a disadvantage, as the low barriers to entry and lack of heavy oversight also make it easier for firms offering trading to operate in a dishonest or fraudulent way. Lastly, as there is no centralized exchange the firm that you trade with when you trade in an over the counter market like forex is the counterparty to your trade, so if something happens to that firm you are in danger of loosing not only the trades you have with that firm but also your account balance. It is for these reasons that there is so much focus among forex traders as to which firm to trade with, with special attention being paid to the financial stability of the firm and the execution that they provide. As we proceed through this forex trading course we will continue to gain a better understanding of the structure of the market and traders should be well prepared after going through those lessons to make an informed decision for themselves on this issue.
Views: 64122 InformedTrades
OTC Markets| Regulation A+ Bootcamp Session 1 with Doug Ellenoff
 
30:46
Regulation A+ Bootcamp: Legal Overview and Issuer Considerations with Doug Ellenoff, Esq., Partner, Ellenoff, Grossman and Schole, LLP
Views: 58 OTC Markets Group
Over-the-counter, over the top
 
06:46
Credit default swaps have worsened market anxiety because they are conducted in the over-the-counter market, where regulations are few and information about risk is often hidden. Marketplace Senior Editor Paddy Hirsch explains.
Views: 48805 Marketplace APM
Going Public On The OTC Market
 
04:26
Securities LawCast©- Legal & Compliance, LLC- Going Public On The OTC Market Going Public On The OTC Market. OTCQB, To be eligible to be quoted on the OTCQB, all companies will be required to: Meet a minimum closing bid price on OTC Markets of $.01 for each of the last 30 calendar days; In the event that there is no prior public market and a 15c2-11 application has been submitted to FINRA by a market maker, OTC Markets can waive the bid requirement at its sole discretion; In the event that a Company is a seasoned public issuer that completed a reverse stock split within 6 months prior to applying to the OTCQB, the Company must have a post reverse split minimum bid price of $.01 at the close of business on each of the 5 consecutive trading days immediately before applying to the OTCQB; In the event the Company is moving to the OTCQB from the OTCQX, it must have a minimum closing bid price of $.01 for at least one (1) of the 30 calendar days immediately preceding; Companies may not be subject to bankruptcy or reorganization proceedings the Company’s application; Either be subject to the reporting requirements of the Securities Exchange Act of 1934 and be current in such reporting obligations or, if an international issuer, be eligible to rely on the registration exemption found in Exchange Act Rule 12g-2(b) and be current and compliant in such requirements or be a bank current in its reporting obligations to its bank regulator; Not be in bankruptcy or reorganization proceedings; Be duly organized, validly existing and in good standing under the laws of each jurisdiction in which it is organized and does business; Submit an application and pay an application and annual fee; Maintain a current and accurate company profile on the OTC Markets website; Use an SEC registered transfer agent and authorize the transfer agent to provide information to OTC Markets about the Company securities, including but not limited to, shares authorized, shares issued and outstanding, and share issuance history; and Submit an OTCQB Annual Certification confirming the accuracy of the current company profile and providing information on officers, directors and controlling shareholders. All companies are required to post their initial disclosure on the OTC Markets website and make an initial certification. The initial disclosure includes: Confirmation that the Company is current in its SEC reporting obligations and has filed all reports with the SEC, that all financial statements have been prepared in accordance with U.S. GAAP, and that the auditor opinion is not adverse, disclaimed or qualified; International Companies - (i) Companies subject to the Exchange Act reporting requirements must be current in such reports; (ii) A company that is not an SEC Reporting Company must be current and fully compliant in its obligations under Exchange Act Rule 12g3-2(b), if applicable, and shall have posted in English through the OTC Disclosure & News Service or an Integrated Newswire, the information required to be made publicly available pursuant to Exchange Act Rule 12g3-2(b) for the preceding 24 months (or from inception if less than 24 months); and all financial statements have been prepared in accordance with U.S. GAAP and that the auditor opinion is not adverse, disclaimed or qualified; Verification that the Company profile is current, complete and accurate; All companies will be required to file an initial and annual certification on the OTC Markets website, signed by the CEO and/or CFO, stating: The company’s reporting standing (i.e., whether SEC reporting, bank reporting or international reporting) and briefly describing the registration status of the company; If the Company is an International Company and relying on 12g3-2(b), that it is current in such obligations; That the company is current in its reporting obligations to its regulator and that such information is available either on EDGAR or the OTC Markets website; States the law firm and/or attorneys that assist the company in preparing its annual report or 10-K; Confirms that the company profile on the OTC Markets website is current and complete; Identifies any third-party providers engaged by the Company, its officers, directors or controlling shareholders, during the prior fiscal year and up to the date of the certification, to provide investor relations services, public relations services, stock promotion services or related services; Confirms the total shares authorized, outstanding and in the public float as of that date; and Names and shareholdings of all officers and directors and shareholders that beneficially own 5% or more of the total outstanding shares, including beneficial ownership of entity shareholders. Laura Anthony, Esq. Founding Partner Legal & Compliance LLC. 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: Toll Free: (800) 341-2684 FREE Local: (561) 514-0936 Email: [email protected] #LawCast
OTC Markets & CSE Cross Border Listing Seminar: Q&A Session
 
39:15
Co-presenters James Black of the CSE and Chris King of OTC Markets cover a number of important topics related to Canadian companies seeking to raise capital in the US, such as: - The logistics and benefits of a cross border market presence, including considerations for Reg A+ - The process required for obtaining an OTC quotation, including entrance requirements & fees - The distinctions between the Pink / OTCQB / OTCQX market tiers - How trading and settlement functions in the US marketplace
Views: 74 CSE TV
OTC Markets Suggested Changes to FINRA Rule 6432
 
07:44
OTC Markets Suggested Changes to FINRA Rule 6432- On January 8, 2018, OTC Markets Group submitted a comment letter to FINRA related to FINRA Rule 6432. Rule 6432 requires that a market maker or broker-dealer have the information specified in Securities Exchange Act Rule 15c2-11 before making a quotation in a security on the over-the-counter market. OTC Markets proposes the following changes to Rule 6432 and its administration: (i) Make the Form 211 review process more objective and efficient. FINRA’s role should be changed from a subjective gatekeeper to an objective administrator, only ensuring that the market maker has the required information. FINRA should not review the merits of the information itself. Furthermore, FINRA should be bound by the three-day requirement set forth in Rule 15c2-11 such that a market maker can proceed with a quote (and receive a ticker symbol where necessary) within the mandated three days. The goal should be to ensure a market maker has the information mandated by Rule 15c2-11, that such information is publicly available for the investing community, and that an issuer has the responsibility for the accuracy of the information. I agree with this suggestion. FINRA can adequately address its gatekeeper role in its annual or biannual audit and review of member firms. Moreover, if FINRA believes that a member firm has violated its requirements under Rule 6432, as a self-regulatory organization, it has the authority and ability to institute an investigation into such member firm. By performing subjective reviews of the information itself and merits of such information, FINRA is asserting substantive control over issuers for which it lacks jurisdiction and for which such issuer has no due process rights or recourse. The SEC itself, who has direct jurisdiction over a company, does not review the merits of a company’s operations, business model or capital structure, but rather only the proper disclosure of same such that an investor can make an informed decision. FINRA, who does not have direct jurisdiction or governing authority over a company, has found a way to exert subjective influence, without due process, or published rules or information as to the criteria used in their subjective analysis. (ii) Form 211 materials should be made public and issuers should be liable for any misrepresentations. Currently, Form 211 materials are not publicly available. Making the information publicly available would further the clear objective of SEC Rule 15c2-11. In practice, as part of its review process, FINRA not only requests additional information, but often material non-public information, which is not only beyond the scope of Rule 15c2-11, but which information has no reasonable expectation of being made public. Clearly, if information is important for the marketplace and investors to make informed investment decisions, it should be required by the rules and should be publicly available. (iii) Outsource Form 211 processes to IDQS’s. A broker-dealer should be able to file a Form 211 directly with the interdealer quotation system (IDQS) on which it plans to quote the security. The IDQS should review such information for completeness and submit the package to FINRA within the three-day rule time frame. Also, FINRA member IDQS’s should be allowed to submit their own Form 211 application for issuers that meet certain lower risk criteria, such as those already trading on a Qualified Foreign Exchange. (iv) Allow IDQS’s to monitor ongoing disclosure and institute trading halts. FINRA member IDQS’s should be responsible for developing a system that ensures ongoing disclosure of Rule 15c2-11 information for quoted securities, including the power to respond to indications of fraud and institute trading halts. more discussion on this topic below. I agree that allowing compensation for a Form 211 filing is not only advisable but if structured properly, has no downside. The compensation can be capped and subject to specific disclosure and reasonableness rules, including compliance with Section 17(b) of the Securities Act. #LegalAndComplianceLLC
Jeff Christian: OTC Markets & Pricing - CPM Group's Platinum Seminar
 
20:46
Jeffrey Christian's presentation "OTC Markets and Pricing" from the CPM Group's "Platinum Group Metals Seminar" on Sept. 14, 2011. This is a recording from the CPM Group's "Platinum Group Metals Seminar" on Sept. 14, 2011 in New York City. The event was held at the New York Mercantile Exchange building and was organized in conjunction with CME Group, the International Precious Metals Institute (IPMI) and Kitco. Kitco News was the exclusive media partner for the event and has provided recordings of all presentations from the seminar available on the event site http://cpmevents.kitco.com --- Agree? Disagree? Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com -- Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews --- Kitco News on Facebook: http://facebook.com/kitconews
Views: 750 Kitco NEWS
OTC Markets| Regulation A+ Bootcamp: Session VII Bootcamp Takeaway Q&A
 
43:15
Regulation A+ Boot Camp Takeaway: Q&A with moderator: Jonathan Frutkin, Esq. and Sam Guzik, Esq., Brian S. Korn, Esq., Blaine McLaughlin, Jonathan Wilson, Esq.
Views: 28 OTC Markets Group
How Large OTC Orders Work - Part 1
 
14:46
How Large OTC Orders Work - Part 1 In this video I sit down with Caleb and Brown CEO Prash to discuss Bitcoin buying conditions in the OTC cryptocurrency market. Firstly, thanks for watching I appreciate your support! Please like, share and subscribe for more crypto news! 🎓 Join Nugget’s Crypto Community: https://nuggetsnews.com.au/nuggets-crypto-community/ 🎧 Nugget's Crypto Podcast Spotify: https://spoti.fi/2tGTfIb iTunes: https://apple.co/2lAGHyt 👫👭👬Socials Facebook: http://fb.me/NuggetsNews Twitter: https://twitter.com/NuggetsNewsAU LinkedIn: https://www.linkedin.com/company/NuggetsNews Instagram: http://instagram.com/NuggetsNewsAU Reddit: https://steemit.com/@NuggetsNews 📬 Nugget’s Weekly E-News: http://bit.ly/2MugCwj 📲 Contact Us: http://bit.ly/2tHKKwN 🇦🇺 Own Cryptocurrency in your Self Managed Super Fund https://newbrightoncapital.com/nugget ("NUGGET" When completing the application) 🇦🇺Australian Tax: https://cryptotaxaus.com.au/ Mention: 'Nugget's News' for discount. 🏦 Need to purchase/sell large amounts of crypto? https://calebandbrown.com/ (Discount code: Nugget's News) 🎤 Hire me to Speak: https://www.linkedin.com/in/AlexSaundersAU/ 👕 Crypto Clothing: http://shrsl.com/nf7o 🔐 Secure your crypto Ledger: https://www.ledgerwallet.com/r/f536 Trezor: https://shop.trezor.io?a=esyfabvzr6zu 🏦 Some of my favourite places to buy & trade coins: Coinspot: https://www.coinspot.com.au?affiliate=YNV53 Bitmex: https://www.bitmex.com/register/NFIXYP Coinbase: https://www.coinbase.com/join/54152b230bf6fa71dd000002 Binance: https://www.binance.com/?ref=10788816 KuCoin: https://www.kucoin.com/#/?r=188MQ Huobi: https://www.huobi.com.au/invite-success?invite_code=j4223 BiBox: https://www.bibox.com/signPage?id=11468551&lang=en EthFinex: https://www.ethfinex.com/?refcode=FJfGA79ciH The Chart Guys: 🎓 Crypto Alerts System: Discount code: NUGGY10 https://crypto.chartguys.com?af=539351d975 Trader Cobb: Advanced Trading Courses: Discount code: TCNUGGET10 🎓https://www.tradercobb.com/cryptocurrency-education-courses/ Disclaimer: I AM NOT A LICENSED FINANCIAL ADVISOR. MY VIEWS ARE GENERAL IN NATURE AND SHOULD NOT BE TAKEN AS FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING ANY MONEY.
Views: 6099 Nugget's News
Forex as an Over-the-Counter (OTC) Market
 
02:56
Forex as an Over-the-Counter Market. Zoe Fiddes, the Head of Sales at ORE Tech comments. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! So the forex is traded over-the-counter (i.e. OTC) which means that it is is not traded on an exchange unlike shares. Stocks are commonly traded on an exchanges and are highly regulated and open for trading at only certain times of the day. Whereas in forex trading there are no commissions per se'; foreign exchange can be considered a freer market. But it is still regulated; anyone who offers the ability to trade as a broker has to be regulated.
Views: 2487 UKspreadbetting
OTC Market Compliance
 
04:50
Securities LawCast©- Legal & Compliance, LLC- OTC Market Compliance The OTC Pink, which includes the highest-risk, highly speculative securities, is further divided into three tiers: Current Information, Limited Information and No Information, based on the level of disclosure and public information made available by the company either through the SEC or posted on OTC Markets. There are no qualitative standards beyond disclosure for OTC Pink companies, which include companies in all stages of development. OTC Market Compliance and Pink Sheet Attorneys. LawCast© is produced by Laura Anthony, Esq., a going public lawyer focused on OTC Listing Requirements, Direct Public Offerings, Going Public Transactions, Reverse Mergers, Form 10 Registration Statements, and Form S-1 Registration Statements. Securities Law Blog covers topics ranging from SEC Compliance, FINRA Compliance, DTC Chills, Going Public on the OTC, and OTCQX and OTCQB Reporting Requirements. Ms. Anthony is also the host and producer of LawCast.com, the securities law network. Laura Anthony, Esq. Founding Partner Legal & Compliance LLC. 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: Toll Free: (800) 341-2684 FREE Local: (561) 514-0936 Email: [email protected] #LawCast
OTC Markets| Regulation A+ Bootcamp Session II with Ron Miller and Darren Marble
 
45:17
Equity Portals and Marketing Tools to Building Investors and Success | Ron Miller, CEO and Co-Founder, Start Engine leading online website portal for crowdfunding; and Darren Marble, CEO, CrowdfundX, Crowdfunding, Marketing, Branding and Design. View the Presentation: http://bit.ly/2hXuGAs
Views: 48 OTC Markets Group
OTC Markets| Regulation A+ Bootcamp: Craig Denlinger & Mark Roderick
 
39:06
Accounting and Legal | The Numbers, Valuation and Legal Structure Key to Being Evaluated Under the Form 1A | Craig Denlinger CPA, Managing Partner, Artesian CPA, Mark Roderick Esq., Partner, Flaster Greenberg
Views: 33 OTC Markets Group
Over-the-Counter Financial Derivatives Regulation Explained: Market, Example (2009)
 
02:18:35
Over-the-counter (OTC) or off-exchange trading is done directly between two parties, without any supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges. A stock exchange has the benefit of facilitating liquidity, mitigates all credit risk concerning the default of one party in the transaction, provides transparency, and maintains the current market price. In an OTC trade, the price is not necessarily published for the public. OTC trading, as well as exchange trading, occurs with commodities, financial instruments (including stocks), and derivatives of such. Products traded on the exchange must be well standardized. This means that exchanged deliverables match a narrow range of quantity, quality, and identity which is defined by the exchange and identical to all transactions of that product. This is necessary for there to be transparency in trading. The OTC market does not have this limitation. They may agree on an unusual quantity, for example.[1] In OTC market contracts are bilateral (i.e. contract between only two parties), each party could have credit risk concerns with respect to the other party. OTC derivative market is significant in some asset classes: interest rate, foreign exchange, stocks, and commodities.[2] In 2008 approximately 16 percent of all U.S. stock trades were "off-exchange trading"; by April 2014 that number increased to about forty percent.[1] Although the notional amount outstanding of OTC derivatives in late 2012 had declined 3.3% over the previous year, the volume of cleared transactions at the end of 2012 totalled US$346.4 trillion.[3] The Bank for International Settlements statistics on OTC derivatives markets showed that notional amounts outstanding totalled $693 trillion at the end of June 2013... [T]he gross market value of OTC derivatives – that is, the cost of replacing all outstanding contracts at current market prices – declined between end-2012 and end-June 2013, from $25 trillion to $20 trillion." OTC derivatives are significant part of the world of global finance. The OTC derivatives markets are large. They grew exponentially from 1980 through 2000. The expansion has been driven by interest rate products, foreign exchange instruments and credit default swaps. The notional outstanding of OTC derivatives markets rose throughout the period and totalled approximately US$601 trillion at December 31, 2010.[9] In their 2000 paper by Schinasi et al. published by the International Monetary Fund in 2001, the authors observed that the increase in OTC derivatives transactions would have been impossible "without the dramatic advances in information and computer technologies" that occurred from 1980 to 2000.[10] During that time, major internationally active financial institutions significantly increased the share of their earnings from derivatives activities. These institutions manage portfolios of derivatives involving tens of thousand of positions and aggregate global turnover over $1 trillion. At that time prior to the financial crisis of 2008, the OTC market was an informal network of bilateral counterparty relationships and dynamic, time-varying credit exposures whose size and distribution tied to important asset markets. International financial institutions increasingly nurtured the ability to profit from OTC derivatives activities and financial markets participants benefitted from them. In 2000 the authors acknowledged that the growth in OTC transactions "in many ways made possible, the modernization of commercial and investment banking and the globalization of finance."[10] However, in September, an IMF team led by Mathieson and Schinasi cautioned that "episodes of turbulence" in the late 1990s "revealed the risks posed to market stability originated in features of OTC derivatives instruments and markets.[11] The NYMEX has created a clearing mechanism for a slate of commonly traded OTC energy derivatives which allows counterparties of many bilateral OTC transactions to mutually agree to transfer the trade to ClearPort, the exchange's clearing house, thus eliminating credit and performance risk of the initial OTC transaction counterparts. https://en.wikipedia.org/wiki/Over-the-counter_(finance)
Views: 4225 Remember This
Cryptocurrency - Exchange Trading v.s. OTC Trading
 
10:46
Do you know what is over-the-counter (OTC) trading? Or the difference between OTC and exchange trading? Our Trader, Fernando Martinez, explains in the video how an order book works, and analyze the pros and cons of the two trading methods. Know your options before joining the crypto world. Octagon Strategy is the largest digital asset OTC trading desk in the APAC region. We facilitate the buy/sell of digital assets like bitcoin, ether and ripple. Enabled by deep pools of liquidity and over 45 years of experience collectively in the finance industry, the Octagon Strategy team enjoys a unique blend of market insights, trading acumen, network of relationships, and sophisticated trading strategies. Learn more about us at: octfinancial.com Get in touch at: [email protected]
The OTC Markets Group Best Practices On Stock Promotion Guidelines
 
07:41
The OTC Markets Group Best Practices on Stock Promotion Guidelines- As in its separate stock promotion policy, the OTC Markets Group best practices on stock promotion guidelines reiterate the core principle that the timely disclosure of material information is key, which includes the duty to dispel unfounded rumors, misinformation or false statements. OTC Markets Group suggests that companies perform due diligence on investor relations firms and their principals prior to engaging services. This is advice I am constantly giving to my clients. Basic due diligence includes reviewing other represented clients and doing basic searches for regulatory issues or negative news. Companies should also be very clear on what services an investor relations firm will perform and what compensation will be paid for those services. Very vague service descriptions often indicate an improper promotional campaign. OTC Markets Group also warns of red flags, including a request that payment be split among various individuals or groups. A company that hires or sponsors investor relations is responsible for the content of communications made by that company and must ensure that all information is materially current and accurate. In addition, a company should retain editorial control and review all information before it is disseminated. Investor relations materials should not use language that makes assumptions, is speculative or misleading, or brazenly hypes the stock. Communications should not cover new material information that has not been previously disclosed, and should not extend beyond providing factual information to investors and shareholders. The disclosures required by Section 17(b) must always be properly made, and OTC Markets Group specifically requires that any relationship between the investor relations individuals and entities and the company be fully disclosed. Since third parties often engage in stock promotional activities without the knowledge or consent of a company, it is important for a company to know its investors, including the people behind any entities or investor groups. Investors that desire anonymity or utilize offshore entities raise a red flag. Furthermore, companies should be wary of shareholders that own significant control or investor groups that will qualify to remove restrictive legends on stock. Investor groups often change the name of their investment vehicle entity and, as such, due diligence should include prior entities. OTC Markets Group warns against toxic or death spiral financing. Toxic or death spiral financing generally involves an investment in the form of a convertible promissory note or preferred stock that converts into common stock at a discount to market with no floor on the conversion price. As I have written about many times, there are quality investors and others that are not quality in the microcap space. The use of convertible instruments as a method to invest in public companies is perfectly legal and acceptable. However, like any other aspect of the securities marketplace, it can be abused. Further examples of abusive or improper activity could include: (i) backdating of notes or failure to provide the funding associated with the note; (ii) improper undisclosed affiliations between investors and the company or its officers and directors; (iii) manipulative trading practices; (iv) improper stock promotion; or (v) trading on insider information...
Over the Counter Markets
 
19:23
Training on Over the Counter Markets for Actuarial Science ST 5 Finance and Investment by Vamsidhar Ambatipudi.
OneMed Interview with R. Cromwell Coulson, CEO of OTC Markets Group / July 2013
 
06:13
An interview with OneMed about our three marketplaces - OTCQX, OTCQB, OTC Pink - and how changes in technology, transparency and regulation have made trading securities on our SEC-registered Alternative Trading System (ATS) nearly identical to trading a NYSE or NASDAQ security. Our CEO also talks about the importance of being publicly traded and how we deliver the benefits of the stock exchanges without the complexity and cost.
Views: 4276 OTC Markets Group
OTC Market (part 1)
 
02:25
Views: 203 Hirjun Mira
XRP King of Coins: Is XRP Being Purchased on OTC Market Keeping The Price Flat?
 
12:11
OTC market seeing more volume that you can imagine but not affecting the price! Email: [email protected] Twitter: https://twitter.com/Freecoiner1 How I earn daily: https://www.arbitraging.co/platform/register/affiliate/WnLbD9bG Setup Binance Account: https://www.binance.com/?ref=35000330
Views: 5309 Mr. Freecoiner
OTC Pink Tier
 
04:29
OTC Pink Tier- Today I finish that series with a few points and then move on to the OTC Pink tier of quotation.The OTCQB application fee is $2,500, and the annual fee is $10,000. Once on the OTCQB, a company may be removed if, at any time, it fails to meet the eligibility and continued quotation requirements subject to a 30-day notice and opportunity to cure. Also, OTC Markets Group may remove the company’s securities from trading on OTCQB immediately and at any time, without notice, if OTC Markets Group, upon its sole and absolute discretion, believes the continued inclusion of the company’s securities would impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors. In addition, OTC Markets can temporarily suspend trading on the OTCQB pending investigation or further due diligence review. A company may voluntarily withdraw from the OTCQB with 24 hours’ notice. Now moving on to the OTC Pink level of quotation The OTC Pink, which includes the highest-risk, highly speculative securities, is further divided into three tiers: Current Information, Limited Information and No Information, based on the level of disclosure and public information made available by the company either through the SEC or posted on OTC Markets. There are no qualitative standards beyond disclosure for OTC Pink companies, which include companies in all stages of development as well as shell and blank check entities. Companies with Current Information status on OTC Markets include both companies that are subject to and current in their SEC Exchange Act reporting requirements and companies that file current information on OTC Markets in accordance with their Alternative Reporting Standards. Companies with Limited Information status on OTC Markets are delineated by a “yield” sign and post some financial and basic information on the company on the OTC Markets website, but either do not report to the SEC or do not include enough information to satisfy the Current Information requirements. Companies with No Information status on OTC Markets are delineated by a “stop” sign and do not provide any current or updated reliable public disclosure. Companies with a Caveat Emptor designation on OTC Markets are delineated with a skull and crossbones sign. These companies have raised concerns such as improper or misleading disclosures, spam campaigns, questionable stock promotion, investigation of fraudulent or other criminal activity, regulatory suspensions or disruptive corporate actions. #LawCast
European Market Infrastructure Regulation
 
02:11
European Market Infrastructure Regulation (EMIR) is a European Union regulation designed to increase the stability of the over-the-counter (OTC) derivative markets throughout the EU states. It is designated Regulation (EU) 648/2012, and it entered into force on 16 August 2012. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 4307 Audiopedia
The Dynamics Driving OTC Markets (Highlights) - Quantifi Annual Risk Conference, NYC
 
03:55
After several years of tumultuous change the markets are starting to look towards the future as uncertainty is resolved by long-awaited new regulations coming into effect. While markets show signs of life, challenges remain as firms seek to navigate reforms designed to restore trust and strengthen the financial systems. Quantifi’s second annual risk conference focused on the dynamics driving the OTC markets, with senior practitioners from leading buy and sell side institutions, regulators and other market participants providing unique insights and sharing of best practices on key topics related to the OTC derivatives market.
Views: 55 Quantifi
OTC Trading Trends
 
02:16
Equinix talks about trading trends and major influences in global over-the-counter (OTC) markets, including Dodd-Frank regulations and how to reduce latency in electronic trading platforms. Speaker: Stewart Orrell, Managing Director of Global Financial Services at Equinix More info: http://info.equinix.com/AITEFXWebinar_LandingPage-WebinarRecording.html
Views: 651 equinixvideos
MAS reviews OTC derivatives market regulation
 
01:18
The Monetary Authority of Singapore (MAS) has proposed to regulate the over-the-counter (OTC) derivatives market by the end of this year. First published Feb 13 2012. Copyright © 2012 MediaCorp Pte Ltd. All Rights Reserved.
Views: 344 NewsSingapore
OTC Markets Dual List
 
02:08
The OTC Markets OTCQX offers foreign issuers seeking to go public in the U.S. an appealing alternative to listing on a stock exchange. Foreign issuers whose securities are listed on a foreign stock exchange that qualify for the exemption from the reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), can go public in the U.S by quotation of their securities on the OTCQX without registration or reporting obligations to the Securities and Exchange Commission (the “SEC”).
OTCQB
 
04:50
OTCQB- The regulations that Issuers must adhere in order to trade on the OTC are numerous and technical. Consequently, an experienced OTC Market Attorney is essential to satisfying all OTC Market Listing Requirements. OTCQB... #LawCast
NASD OTC Market: What Shaped The Market In 2016
 
03:51
For more information log on to http://www.channelstv.com
OTC Markets Group Submitted a Comment Letter to FINRA Related to FINRA Rule 6432
 
05:56
OTC Markets Group Submitted a Comment Letter to FINRA Related to FINRA Rule 6432- On January 8, 2018, OTC Markets Group submitted a comment letter to FINRA related to FINRA Rule 6432. Rule 6432 requires that a market maker or broker-dealer have the information specified in Securities Exchange Act Rule 15c2-11 before making a quotation in a security on the over-the-counter market. Subject to certain exceptions, Rule 6432 requires that all broker-dealers have and maintain certain information on a non-exchange traded company security prior to resuming or initiating a quotation of that security. Compliance with the rule is demonstrated by filing a Form 211 with FINRA. The most widely relied upon exception is known as the “piggyback exception.” The 15c2-11 piggyback exception provides that if an OTC Markets security has been quoted during the past 30 calendar days, and during those 30 days the security was quoted on at least 12 days without more than a four-consecutive-day break in quotation, then a broker-dealer may “piggyback” off of prior broker-dealer information. In other words, once an initial Form 211 has been filed by a market maker and approved by FINRA and the stock quoted for 30 days by that market maker, subsequent broker dealers can quote the stock and make markets without resubmitting information to FINRA. The piggyback exception lasts in perpetuity as long as a stock continues to be quoted. As a result of the piggyback exception, the current information required by Rule 15c2-11 may only actually be available in the marketplace at the time of the Form 211 application and not years later while the security continues to trade. The opening paragraph of OTC Markets’ comment letter related to Rule 6432 sets the tone for the entire letter, stating, “[W]e continue to believe that the cumbersome operational processes around Rule 6432, and the related Rule 15c2-11… under the… Exchange Act, unnecessarily impede capital formation by small issuers.” I agree that the process creates an unnecessary difficulty on smaller companies seeking to access public markets in the U.S. OTC Markets suggests that the recent boom in ICO’s is a natural response to the difficulties with navigating the capital and secondary markets for smaller companies, including the Form 211 process, DTC eligibility, depositing non-exchange traded securities and market liquidity. A re-working of Rule 6432 and the interaction with the 45-year-old Rule 15c2-11 would help improve the marketplace dramatically. Rule 15c2-11 was enacted in 1970 to ensure that proper information was available prior to quoting a security in an effort to prevent microcap fraud. At the time of enactment of the rule, the Internet was not available for access to information. The premise of the rule was to require broker-dealers, who would be quoting the securities, to maintain information and provide that information to investors upon request. Rule 6432 requires FINRA member firms to comply with Rule 15c2-11 by filing a Form 211 with FINRA. In reality, a broker-dealer never provides the information to investors, FINRA does not make or require the information to be made public, and the broker-dealer never updates information, even after years and years. Moreover, since enactment of the rules, the Internet has created a whole new disclosure possibility and OTC Markets itself has enacted disclosure requirements, processes and procedures. The current system does not satisfy the intended goals or legislative intent and is unnecessarily cumbersome at the beginning of a company’s quotation life with no follow-through. In the next LawCast in this series, I will go through OTC Markets specific recommended changes to the rule. #LegalAndComplianceLLC
Word of the Day: Over-the-Counter (OTC)
 
02:16
Over-the-counter trades of financial instruments such as stocks, bonds, commodities or derivatives are trades that are negotiated bilaterally, in other words, between two parties. This is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e. exchanges), such as futures exchanges or stock exchanges like the NYSE for example. The OTC derivatives market, according to the Bank of International Settlements latest semi-annual OTC derivatives reported, has reached $707,568,901,000,000. That is nearly an 18% increase from 6 months ago, and for an industry that has already been called too interconnected and too big to fail, it is alarming. Check out the full Capital Account with Lauren Lyster at http://www.youtube.com/capitalaccount Follow Lauren on Twitter: http://twitter.com/LaurenLyster
Views: 8590 RT America
Lee McCormack on Central Clearing of OTC Derivatives - Collateral, Margin, Capital Requirements
 
35:25
Filmed at 'Dynamics Driving the OTC Markets', Quantifi's Annual Risk Conference, London Presentation by Lee McCormack, Executive Director, OTC Clearing, Nomura Lee McCormack focussed on central clearing of OTC derivatives and the associated collateral, margin and capital requirements. Mr McCormack also emphasised how regulations are unbundling traditional OTC derivatives markets and consequently creating threats and opportunities for different market participants.
Views: 2055 Quantifi
Stocks to buy: Direct View Holdings Inc (OTC: DIRV)
 
06:51
Stocks to buy: Direct View Holdings Inc (OTC: DIRV) - RICH TV LIVE - October 22, 2018 - DirectView Holdings, Inc. (OTC:DIRV) (“DirectView” or the “Company”), a company focused on ownership and management of leading video and security technology companies, today announced that DirectView executives are exploring the possibility of bringing DirectView, Inc. to the TSX or CSE in Canada, while still remaining on the OTC Markets in America. In light of the recent legalization of Cannabis in Canada and the ever-growing demand for surveillance and security equipment in the industry, DirectView is actively consulting with its legal team to dual list the Company’s stock on a Canadian stock exchange. The benefits of dual listing include a larger pool of investors, greater visibility, and exposure to macroeconomic factors. As mentioned in DirectView’s press release on October 9th, 2018, DirectView Offers Custom-tailored Security, Surveillance, Safety and Access Control Solutions for the Cannabis and CBD Industry, DirectView has noticed big demand in the Cannabis industry for comprehensive security systems, including installation, maintenance, and upgrades. DirectView has been laser focused on its new initiative to provide and install custom-tailored security, surveillance and safety equipment to meet the regulatory and compliance requirements of the industry. Roger Ralston, President and CEO of DirectView, said, “We are experiencing an even greater need for DirectView’s equipment and services in growing markets. This is especially true for the Cannabis Industry. Since inception, DirectView has been laser focused on providing security and surveillance equipment to emerging markets. With the recent events in Canada, it’s only natural for DirectView to explore expansion to the Canadian markets. We will keep our shareholders informed as we make progress towards dual listing and adding DirectView to the TSX or CSE.” Subscribe - https://www.youtube.com/c/RICHTVLIVE Visit - http://www.richtvlive.com/ a one-stop shop for cryptocurrency, stocks, sports, travel and trending topics. #richtvlive #stocks #news Join the RICH TV LIVE FREE Social Media Community - Download the Amino app on your phone or computer and follow the link - https://aminoapps.com/c/RICHTVLIVE/home/ Join the Conversation get the RICH TV LIVE app at Google Play - https://play.google.com/store/apps/details?id=com.app.richtvlive iPhone App Store - https://itunes.apple.com/us/app/richtvlive/id1212158240?Is=1&mt=8 Popular Uploads - https://goo.gl/tbvXGg Most Recent Upload - https://goo.gl/unKXBy YouTube Channel Page - https://goo.gl/yUdG7w Subscribe - https://goo.gl/q2tLnn Rich TV Live Playlist - https://goo.gl/e116JF YouTube support Tubebuddy - https://www.tubebuddy.com/RICHTVLIVE Disclaimer Rich TV's company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in Rich TV reports company profiles or other investor relations materials and presentations are subject to change. Rich TV and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. Investing is inherently risky. Rich TV is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print. We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov.
Views: 925 RICH TV LIVE
OTCQB Initial Requirements
 
04:31
OTCQB Initial Requirements- Effective July 10, 2015, OTC Markets amended its rules related to the OTCQB listing standards to include initial and ongoing listing requirements for companies completing a Regulation A+ offering. This Lawcast series will include a comprehensive overview of the OTCQB requirements as of August 2016. To be eligible to be quoted on the OTCQB, all companies will be required to: • Meet a minimum closing bid price on OTC Markets of $.01 for each of the last 30 calendar days; • In the event that there is no prior public market and a 15c2-11 application has been submitted to FINRA by a market maker, OTC Markets can waive the bid requirement at its sole discretion; • In the event that a company is a seasoned public issuer that completed a reverse stock split within 6 months prior to applying to the OTCQB, the company must have a post reverse split minimum bid price of $.01 at the close of business on each of the 5 consecutive trading days immediately before applying to the OTCQB; • In the event the company is moving to the OTCQB from the OTCQX, it must have a minimum closing bid price of $.01 for at least one (1) of the 30 calendar days immediately preceding; • Companies may not be subject to bankruptcy or reorganization proceedings the company’s application; • Either be subject to the reporting requirements of the Securities Exchange Act of 1934 and be current in such reporting obligations, be a Tier 2 Regulation A reporting company and be current in such reporting obligations, or, if an international issuer, be eligible to rely on the registration exemption found in Exchange Act Rule 12g-2(b) and be current and compliant in such requirements or be a bank current in its reporting obligations to its bank regulator; • Not be in bankruptcy or reorganization proceedings; • Be duly organized, validly existing and in good standing under the laws of each jurisdiction in which it is organized and does business; • Submit an application and pay an application and annual fee; • Maintain a current and accurate company profile on the OTC Markets website; • Use an SEC registered transfer agent and authorize the transfer agent to provide information to OTC Markets about the company’s securities, including but not limited to shares authorized, shares issued and outstanding, and share issuance history; and • Submit an OTCQB Annual Certification confirming the accuracy of the current company profile and providing information on officers, directors and controlling shareholders. #LawCast
Upgrading Between OTC Market Tiers
 
24:17
Jason Paltrowitz, Executive Vice President of Corporate Services for OTC Markets Group, joins Caroline Rosen, Marketing Manager at MaloneBailey, as they discuss upgrading between the OTC Market Tiers. This overview looks at the process, criteria and how to navigate common challenges.
Views: 42 MaloneBailey, LLP

Online admission university of burdwan
Paralegal cover letter tips
Web content writing service
Sample cover letter executive director position summary
Sample relocation cover letter examples