In short, FINRA will continue to report trade information but will no longer operate the OTCBB as an exchange. See our blog post for details.
This leaves OTC Markets as the only game in town for over-the-counter equity transfers. So what should you know?
While the Pink Sheets have been around for decades, OTC Markets Group (2010) added the QX and the QB tiers in 2007. Initially the QB allowed every BB qualified company to be listed on the exchange and quickly became the exchange preferred to the BB. In May 2014 OTC Markets Group announced that they would begin charging a $2500 registration fee and $10,000 listing fee to remain on the QB. Also equities worth less than $.01 would be dropped. The result is that many BB/QB qualified companies were dropped into the Pink Sheets.
To distinguish these fully-reporting companies from the OTC Pink tiers—Current, Limited Info, and No info--we have adopted Fully-reporting pink (FRP) as a delineating moniker for SEC-Reporting Current. This is especially important to delineate the value of such companies apart from those that are otherwise not reporting to the SEC.