Posted on August 1, 2021 by Scott Shuda
SNN Network Investors Round Table discussing SEC Rule 15c2-11 (hat tip Maj Soueidan of GeoInvesting, LLC). This rule deals with OTC companies that don’t consistently report sufficient financial information, a group of stocks otherwise known as “dark stocks.” The rule was originally implemented to ensure that information on a specific OTC security, as determined by the broker via filing a Form 211 with FINRA, is current, and therefore eligible for quotation. Now, on September 28, 2021, further requirements will be implemented.
Breakout Investors is: Community, Content, and Collaboration. We are a global network of investors eager to share ideas and research as we seek to identify future Breakout Investments.
Followup article in Seeking Alpha Blogs
SEC Dark Stock Rule – What’s Going On And How Will It Benefit You? | Seeking Alpha
This is by GeoInvesting, who write:
“We intend to take advantage of new regulation that could finally let us take a peek into the financials of many dark stocks that will soon be forced to report their numbers if they want to remain quoted on the OTC and provide some liquidity for investors and insiders. In order to gain the best investing advantage from the new regulation, it will be necessary to identify dark stocks that will probably want to stay compliant with the new regulation. We are currently making that list. We think this is a once in a lifetime opportunity to generate significant alpha, but the window may only last a couple months.
We will be releasing our dark stock opportunity list very soon, so opt in here if you want to get notified once the list is ready.”