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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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OTC Markets: Don't Think Pink
Pink OTC Markets Inc. is expected to drop the "Pink," becoming OTC Markets Group Inc. by early next year - and prompting CEO Cromwell Coulson to say the New York office won't look like 'Barbie's playhouse' anymore. The change, subject to shareholder vote, comes as the company strives to show it's evolved from its reputation of a stomping ground for murky enterprises to a broader firm where respectable companies want their shares to trade.
All told, the firm now quotes nearly 10,000 stocks - 3,000 of which also are quoted on the OTCBB. It's broken its listings into tiers, ranking companies by how forthright they are in divulging information and affixing graphics, such as a skull-and-crossbones, for issuers that it believes merit more caution. Unlike the Bulletin Board, a quote-listing service, Pink for several years has allowed electronic trading, after investing in technology upgrades.
FINRA had owned Pink's competitor, the OTC Bulletin Board, before agreeing in September to sell its website and trademark to Rodman & Renshaw Capital Group. That firm, which has an investment bank, said it plans to use the OTCBB to diversify its product base.
To continue reading, click onto: [ WSJournal, 10/20 ]

