Das muss aber noch irgendwie etwas besonderes sein. Ich habe nämlich ein Nasdaq-OTCBB Wert im Depot, der konnte die "Eligibility Rules" nicht erfüllen, wurde delisted und ist nun ein "pink sheet" (habe ich auf raging bull gefunden). Die Erklärung auf der Homepage der OTCBB ist allerdings voll von Fachenglisch, damit habe ich ein bisschen meine Probleme. Vielleicht kann das jemand besser übersetzen:
What is the difference between the OTC market and a stock exchange?
Stock exchanges have specific quantitative and qualitative listing and maintenance standards which are stringently monitored and enforced.
Companies listed on an exchange have reporting obligations to the exchange and a direct business relationship exists between the exchange
and its listed companies. The OTC market consists of unlisted securities. Issuers of these securities often have no reporting obligations to any
federal regulatory authority. There are no minimum required standards and no business relationship exists between the quotation services
(OTCBB, "Pink Sheets") and the issuers.
How does the OTCBB differ from the Pink Sheets?
The OTCBB and the "Pink Sheets" are competing quotation services for OTC equity securities. The "Pink Sheets" are operated by the National
Quotation Bureau, LLC (NQB) and are a static paper quotation medium printed weekly and distributed to broker/dealers while the OTCBB
displays electronic real-time quotes, last-sale prices, and volume information for domestic securities, foreign securities, and ADRs.
What is an other-OTC security?
All OTC equity securities which are not quoted on the OTC Bulletin Board and are eligible for trade reporting on the Automated Confirmation
Transaction ServiceSM (ACTSM)are categorized as other-OTC. This includes, but is not limited to, securities quoted on the Pink Sheets.
Please see the FAQ regarding the download of all other-OTC securities from the symbol directory.