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Short Interest Reporting in Pink Sheets Stocks Begins July 3rd
April 7, 2006 -- Changes to NASD short interest reporting rules will be effective July 3, 2006. These changes will expand the short interest reporting requirements to over-the-counter (OTC) equity securities, including those quoted on Pink Sheets. For additional information, see NASD Notice to Members 06-14 – April 2006.
SEC Approves Amendments to the Short Interest Reporting Requirements; Effective Date: July 3, 2006 Executive Summary
On February 3, 2006, the Securities and Exchange Commission (SEC) approved amendments to Rule 3360 relating to the short interest reporting requirements.1 The amendments expand the short interest reporting requirements to over-the-counter (OTC) equity securities. The short interest reporting requirements, as amended, are set forth in Attachment A of this Notice. The amended short interest reporting requirements become effective on July 3, 2006.
Questions regarding this Notice may be directed to the Legal Section, Market Regulation, at (240) 386-5126; or Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8071.
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How would it affect the MM game? Not argueing with you. I really don't get the connection and would like to know what you think.
I can see where it will hurt some of the pinks who hide behind a wall when it come to accounting practices.
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