Bitcoin services inc otcpk
OTC-traded bitcoin services inc otcpk are organized into three markets to inform investors of opportunities and risks: For decades, the NQB reported quotations for both stocks and bonds, publishing the quotations in the paper-based Pink Sheets and Yellow Sheets respectively. The publications were named for the color of paper on which they were printed. To be quoted on the platform, companies are not required to file with the SECalthough many choose to do so.
Many foreign issuers adhere to the listing requirements of qualified foreign stock exchanges [8] and make their home country disclosure available in English. Many of these issuers do not file periodic reports or make available audited financial statementsmaking it very difficult for investors to find reliable, unbiased information about those companies. For these reasons the SEC views many of the lower-tier companies traded on OTC Markets as "among the most risky investments " and advises potential investors to heavily research the companies in which they plan to invest.
OTC Markets Group designates securities in one of three markets to indicate bitcoin services inc otcpk level of financial and corporate disclosure provided by the companies using its quotation system. Apart from the OTCQX market, which has rules that include financial requirements, the designations do not signify issuer quality or merit of any security.
Designation is based on the level and timeliness of a company's disclosure and OTCQB and any of the Pink categories can include both high quality as well as speculative, distressed, or questionable companies. Investors are encouraged to bitcoin services inc otcpk caution when considering many of these companies for investment. This certification will be required for any security newly qualified to be publicly quoted by a broker-dealer under SEC Rule 15c, or when a Pink traded company becomes a current SEC reporting company, beginning May 1, International Reporting companies are also allowed to upgrade from Pink to OTCQB if they publish their 12g b compliant disclosure online and verify their company profile.
Pink is an open market that has no financial standards or reporting requirements. The stock of companies in the Pink tier are not required to be registered with the SEC. Bitcoin services inc otcpk in this category are further categorized by the level and timeliness of information they provide to investors and may have current, limited, or no public disclosure.
Companies submitting regular Quarterly bitcoin services inc otcpk Annual Reports go into the Current category. This category can still include shell companies or development stage companies with little or no operations as well as companies without audited financial statements.
Companies in this category must not only have Quarterly reports duly bitcoin services inc otcpk every three months, but most have Annual reports for at least the preceding two years on file. Companies that have submitted information no older than six months to the OTC Markets data and news service or have made a filing on the SEC's EDGAR system in the previous six months are rated as having limited information. Companies that are unwilling or unable to meet OTC Markets' Guidelines for Providing Adequate Current Information with Quarterly and Annual Reports every bitcoin services inc otcpk months, but which still submit information at least every six months, are in this category.
These are often companies with financial reporting problems, economic distress, or in bankruptcy. These companies have a Yield sign on the OTC website. This tier indicates companies that are unwilling or unable to provide disclosure to the public markets.
Companies in this category do not make current information available via OTC Markets disclosure and news service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as "dark" companies with questionable management and market disclosure practices.
Securities of bitcoin services inc otcpk traded companies that are not willing to provide information to investors are considered highly risky. These bitcoin services inc otcpk have a Stop sign on the OTC website. There is a public interest concern associated bitcoin services inc otcpk the company designated as Caveat Emptor. This may include a spam campaign, stock promotion or known investigation of fraudulent activity committed by the company or through inside information.
During a spam campaign, any stock that is not in the Current Information category will also have its quotes blocked on otcmarkets. Unsolicited transactions are processed independently and not centrally listed or quoted. Trades are reported to a self-regulatory organization SROwhich then passes the data bitcoin services inc otcpk to market data companies. From Wikipedia, the free encyclopedia. This article contains content that is written like an advertisement. Please help improve it by removing promotional content and inappropriate external linksand by adding encyclopedic content written from a neutral point of view.
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