SEC Dark Stock Rule – What’s going on?

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.

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