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OUT OF MIND » THE INSANITY OF REALITY » GOVERNMENT & THE NEW WORLD ORDER » "FINRA halts trading in all OTC equity securities":A SIGN OF STOCK MART "SHUTDOWN"?

"FINRA halts trading in all OTC equity securities":A SIGN OF STOCK MART "SHUTDOWN"?

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ymoilman2


FINRA halts trading in all OTC equity securities


NEW YORK | Thu Nov 7, 2013 1:58pm EST

[size=18]NEW YORK (Reuters) - The Financial Industry Regulatory Authority halted trading in, more than 10,000 over-the-counter "penny stocks", on Thursday,  the OTC Bulletin Board said.

The halt began at 11:25 a.m. EST (1625 GMT) and was due to a connectivity issue, said an OTC. Markets Group spokeswoman. Investors cannot trade those securities through the market, bilaterally or on any other market.

Trading in Nasdaq- and New York Stock exchange-listed securities is not affected.

Issues halted include about 1,400 American Depositary Receipts and 1,400 foreign ordinaries. Roughly $8 of every $10 traded is in ADRs and ordinary shares of international exchange-listed companies.

"FINRA has determined that halting quoting and trading in all OTC Equity Securities is appropriate to protect investors and ensure a fair and orderly marketplace," OTC said on its web site.

Many of the securities on the over-the-counter market are illiquid, trading infrequently and mostly under $1.

FINRA declined to comment.

(Reporting Nomiyama)by Rodrigo Campos and John McCrank; Editing by Chizu

NanneeRose

NanneeRose
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Thanks Yman!



It's the simple things, small every day deeds of ordinary folk that keep the darkness at bay. Small acts of kindness and love.......~Gandalf~

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