Series 7: 17.2.2.1 OTC Bulletin Board

Taken from our Series 7 Top-off Online Guide

17.2.2.1  OTC Bulletin Board

About the time that NASDAQ became a stock market, the SEC was asked to establish an electronic system solely to display the quotes of OTC securities. Out of this came the OTC Bulletin Board. The OTC Bulletin Board (OTCBB) is an electronic quotation system for OTC equity securities, and it is a dealer system, meaning that only market makers may apply to quote securities on this service.

Because the OTCBB is a quotation service for its market makers and not a securities exchange, there are no quantitative listing requirements that must be met. However, OTCBB securities are required to report their current financial statements to the SEC and other regulators in order to be registered. The OTCBB allows users to view real-time quotes pertaining t

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