OTC Bulletin Board

OTCBBOver-the-Counter Bulletin BoardOTCOTC BBover the counterOver The Counter Bulletin BoardOver-the-Counter (OTC) Bulletin Board (BB)
The OTC (Over-The-Counter) Bulletin Board or OTCBB is a United States quotation medium operated by the Financial Industry Regulatory Authority (FINRA) for its subscribing members.wikipedia
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Over-the-counter (finance)

over-the-counterOTCover the counter
The board was used for many over-the-counter (OTC) equity securities that are not listed on the NASDAQ or a national stock exchange, it has shrunk significantly as stock have migrated to the trading facilities of the OTC Markets Group.
In the United States, over-the-counter trading in stock is carried out by market makers using inter-dealer quotation services such as OTC Link (a service offered by OTC Markets Group) and the OTC Bulletin Board (OTCBB, operated by FINRA).

Stock

equitiesequityshares
The board was used for many over-the-counter (OTC) equity securities that are not listed on the NASDAQ or a national stock exchange, it has shrunk significantly as stock have migrated to the trading facilities of the OTC Markets Group.
The major OTC markets in the United States are the electronic quotation systems OTC Bulletin Board (OTCBB) and OTC Markets Group (formerly known as Pink OTC Markets Inc.) where individual retail investors are also represented by a brokerage firm and the quotation service's requirements for a company to be listed are minimal.

Penny stock

penny stocksat least $1.50highly speculative and risky stocks
Stocks traded on these markets are usually thinly traded microcap or penny stocks, and both retail and institutional investors generally avoid them, because of fears that share prices are easily manipulated and there exists a potential for fraud.
Over-the-counter exchanges that list penny stocks include, the OTC Bulletin Board (which is a facility of FINRA) or OTC Link LLC (which is owned by OTC Markets Group, Inc., formerly known as Pink OTC Markets Inc.).

OTC Markets Group

Pink SheetsOTCQBOTCQX
The board was used for many over-the-counter (OTC) equity securities that are not listed on the NASDAQ or a national stock exchange, it has shrunk significantly as stock have migrated to the trading facilities of the OTC Markets Group.
The OTC Bulletin Board (OTCBB) is only a listing of securities that are also traded "over the counter" similar to the OTC Markets.

Microcap stock

microcapmicro-capmicro-cap stocks
Stocks traded on these markets are usually thinly traded microcap or penny stocks, and both retail and institutional investors generally avoid them, because of fears that share prices are easily manipulated and there exists a potential for fraud.
Many micro-cap and nano-cap stocks are traded over-the-counter with their prices quoted on the OTCBB, OTC Link LLC, or the Pink Sheets.

Microcap stock fraud

Penny stock scamstock fraudchop shops
* Microcap stock fraud
Microcap stock fraud generally takes place among stocks traded on the OTC Bulletin Board and the Pink Sheets Electronic Quotation Service, stocks which usually do not meet the requirements to be listed on the stock exchanges.

United States

AmericanU.S.USA
The OTC (Over-The-Counter) Bulletin Board or OTCBB is a United States quotation medium operated by the Financial Industry Regulatory Authority (FINRA) for its subscribing members.

Financial quote

quoteLevel 2quotations
The OTC (Over-The-Counter) Bulletin Board or OTCBB is a United States quotation medium operated by the Financial Industry Regulatory Authority (FINRA) for its subscribing members.

Financial Industry Regulatory Authority

FINRANational Association of Securities DealersNASD
The OTC (Over-The-Counter) Bulletin Board or OTCBB is a United States quotation medium operated by the Financial Industry Regulatory Authority (FINRA) for its subscribing members.

Security (finance)

securitiessecuritydebt securities
The board was used for many over-the-counter (OTC) equity securities that are not listed on the NASDAQ or a national stock exchange, it has shrunk significantly as stock have migrated to the trading facilities of the OTC Markets Group.

Nasdaq

Nasdaq Stock MarketNASDAQ Capital MarketNASDAQ Stock Exchange
The board was used for many over-the-counter (OTC) equity securities that are not listed on the NASDAQ or a national stock exchange, it has shrunk significantly as stock have migrated to the trading facilities of the OTC Markets Group. As such, most companies choose to list on more established exchanges such as the NYSE MKT, New York Stock Exchange, or NASDAQ once eligible.

Stock exchange

stock exchangesexchangebourse
The board was used for many over-the-counter (OTC) equity securities that are not listed on the NASDAQ or a national stock exchange, it has shrunk significantly as stock have migrated to the trading facilities of the OTC Markets Group.

Broker-dealer

broker-dealersbroker dealerbroker/dealer
Broker-dealers who subscribe to the system, which is not electronic, can use the OTCBB to enter orders for OTC securities that qualify to be quoted.

U.S. Securities and Exchange Commission

Securities and Exchange CommissionSECUnited States Securities and Exchange Commission
According to the U.S. Securities and Exchange Commission (SEC), "fraudsters often claim or imply that an OTCBB company is a Nasdaq company to mislead investors into thinking that the company is bigger than it is". Companies quoted on the OTCBB must fully report (i.e., current with all required SEC filings) but there are no market capitalization, minimum share price, corporate governance or other requirements to be quoted.

Nonprofit organization

non-profitnon-profit organizationnonprofit
FINRA, an "independent, not-for-profit organization authorized by Congress", runs and provides regulatory services to the OTCBB by "writing and enforcing rules governing the activities of more than 4,100 securities firms with approximately 639,780 brokers".

United States Congress

CongressU.S. CongressCongressional
FINRA, an "independent, not-for-profit organization authorized by Congress", runs and provides regulatory services to the OTCBB by "writing and enforcing rules governing the activities of more than 4,100 securities firms with approximately 639,780 brokers".

Anti-competitive practices

anti-competitiveanticompetitiveanti-competitive behavior
Pink OTC argues this is anti-competitive and an abuse of FINRA's authority.

Market capitalization

market capitalisationmarket capcapitalization
Companies quoted on the OTCBB must fully report (i.e., current with all required SEC filings) but there are no market capitalization, minimum share price, corporate governance or other requirements to be quoted.

Corporate governance

governancecompliance and governanceCorporate Communications
Companies quoted on the OTCBB must fully report (i.e., current with all required SEC filings) but there are no market capitalization, minimum share price, corporate governance or other requirements to be quoted.

Institutional investor

institutional investorsinstitutionalForeign Institutional Investors
Stocks traded on these markets are usually thinly traded microcap or penny stocks, and both retail and institutional investors generally avoid them, because of fears that share prices are easily manipulated and there exists a potential for fraud.

Market manipulation

stock manipulationstock-market manipulationprice manipulation
Stocks traded on these markets are usually thinly traded microcap or penny stocks, and both retail and institutional investors generally avoid them, because of fears that share prices are easily manipulated and there exists a potential for fraud.

Securities fraud

investment fraudstock fraudinvestor fraud
Stocks traded on these markets are usually thinly traded microcap or penny stocks, and both retail and institutional investors generally avoid them, because of fears that share prices are easily manipulated and there exists a potential for fraud.

NYSE American

American Stock ExchangeAMEXNew York Curb Exchange
As such, most companies choose to list on more established exchanges such as the NYSE MKT, New York Stock Exchange, or NASDAQ once eligible.

New York Stock Exchange

NYSENew YorkThe New York Stock Exchange
As such, most companies choose to list on more established exchanges such as the NYSE MKT, New York Stock Exchange, or NASDAQ once eligible.

NewKidCo

NewKidCo International Inc. (TSE:NKC; OTC BB: NKCIF), was an American video game publisher of children's titles based on popular licensed characters, for Sony, Nintendo and Microsoft consoles.