The SEC can suspend trading in a pink sheet stock for only ten days!!!!!!!!
Since a Pink Sheet Stock is not registered, its registration can not be revoked....there is none!!!!!!!!
Market Makers are warned, pursuant to 15c 211 not to publish a quote for the security without reviewing its information statement/clarified information statement
So stocks like AHFI that fail to clarify its information statement pursuant to rule 15c211 fall into the Gray Market but can still trade.
Other OTC or otherwise known as the "Grey Market" is the trading of a security that is not listed on any stock exchange or quoted on the Pink Sheets or the OTCBB.
Other OTC trades are however reported to the NASD so investors can still track price and volume, however bids and offers are not collected in a central spot so Best Execution of orders is difficult.
(There seems to be little that the SEC or NASD can do or cares to do, at this point )
j) The Commission is authorized, by order, as it deems necessary or appropriatefor the p rotection of investors to deny, to suspend the effective date of, to suspend
for a period not exceeding 12 months, or to revoke the registration of a security, if the Commission finds, on the record after notice and opportunity for hearing, that the
issuer of such security has failed to comply with any provision of this title or the rules and regulations thereunder. No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence.
(k) Trading Suspensions; Emergency Authority.
(1) Trading Suspensions. If in its opinion, the public interest and the protection of
investors so require, the Commission is authorized by order:
(A) Summarily to suspend trading in any security (other than an exempted security)
for a period not exceeding 10 business days, and
(B) Summarily to suspend all trading on any national securities exchange or otherwise,
in securities other than exempted securities, for a period not exceeding 90
calendar days
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