Tag Archives: UnlistedSecurities

NASD Urges Companies To Comply With SEC Rules

The NASD OTC Exchange has urged public limited companies to adhere to the Securities and Exchange Commission’s (SEC) regulations mandating the trading of unlisted securities exclusively on SEC-registered Over-the-Counter (OTC) exchanges. According to the SEC’s rule, the purchase, sale, and transfer of unlisted securities are prohibited outside a registered stock exchange to ensure transparency and […]