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Microcap & Penny Stocks : Scambusters

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To: Arcane Lore who wrote (142)6/18/1998 10:46:00 PM
From: Arcane Lore  Read Replies (3) of 178
 
NASD wants authority to halt trading of OTC:BB shares to crack down on fraud:

" 'Halts are an effective remedy and it would give us the ability to do something quickly,' said Barry R. Goldsmith, an executive vice president at NASD's regulatory arm."

"Currently, only the U.S. Securities and Exchange Commission can stop trading in shares on the OTC-Bulletin Board, a loosely regulated electronic quote service operated by the NASD."

ohio.com
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