OTCBB System Status

Posted: 10/17/2014

Update: Quotation and Trading Halt for OTC Equity Securities

 

FINRA is invoking its clearly erroneous trade break authority under FINRA Rule 11893 to break all trades in OTC equity securities on Friday, October 17, 2014, after 11:05:06 a.m. ET up and until the resumption of permitted trading at 1:00:00 p.m. ET for all OTC equity securities. FINRA member firms are instructed to cancel all related trades executed during that time period that were reported to FINRA's OTC Reporting Facility (ORF). In making this determination, FINRA has also determined that the number of the affected transactions is such that immediate finality is necessary to maintain a fair and orderly market and to protect investors and the public interest. Consequently, these determinations may not be appealed.

 


Posted: 10/17/2014

OTC Quoting and Trading Resumes

 

On Friday, October 17, 2014, at 11:05:06 a.m. ET, the Financial Industry Regulatory Authority, Inc. (FINRA) halted quoting and trading in all OTC equity securities pursuant to FINRA Rule 6440(a)(3). FINRA determined to impose the temporary halt because of a lack of current quotation information for OTC equity securities. Members are hereby advised that FINRA is lifting the market-wide quoting and trading halt in all OTC equity securities effective Friday, October 17, 2014, at 1:00 p.m. ET. Members are permitted to display “closed” quotations for a quote-only period beginning at 12:45:00 on Friday, October 17, 2014.

 

Questions regarding this notice can be directed to: FINRA Operations at (866) 776-0800.

 


Posted: 10/17/2014

OTC Securities Quote and Trade Halt

 

FINRA has imposed a quoting and trading halt in all OTC equity securities as of 11:05:06 a.m. ET due to a lack of current quotation information currently available in the marketplace for OTC equity securities. FINRA will notify the market when quoting and trading in all OTC equity securities may resume.