NASD Plan Could Boot Some Companies Off Bulletin Board
Traders Magazine, December 1997
Big changes are afoot with the National Association of Securities Dealers' OTC Bulletin Board, the electronic stock quotation service for the trading of shares in nearly 7,000 companies. Many of these are small-cap and thinly-traded issues.
The bulletin board is loosely regulated. About half of the listed companies file financial statements. There are no listing standards.
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