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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (52666)6/26/2000 4:22:00 PM
From: CIMA  Read Replies (3) of 150070
 
OTCBB Trade Halt Authority Implemented Today (6/26/2000)

On June 26, 2000, the Nasdaq implemented its trade and quote halt authority in the OTCBB. Beginning today, the Nasdaq can halt trading and quotation in OTCBB securities in the following circumstances:

when the OTCBB security is dually listed on a foreign market or registered with a foreign regulatory authority and a foreign market or regulatory authority halts trading in the security for regulatory reasons;
when the OTCBB security is a derivative or component of a Nasdaq-listed or an exchange-listed security, and Nasdaq or the exchange halts trading in the underlying security; and
when the OTCBB issuer does not provide, in a timely manner, the National Association of Securities Dealers, Inc. (NASD©) with information required by SEC Rule 10b-17.
Notification of all Trade and Quote Halts and Resumptions will be posted to the Trade Halt section of this website.

If you would like to subscribe to automatically receive notification of trade halts and resumptions via email, login and create an Email Profile (or modify your existing profile) and then select "Trade Halts" under Subscription types.

For further information on the Trade and Quote Halt Authority, please see:

June 9, 2000 News Item
NASD Rule Proposal 99-33
SEC Approval Order
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