Rules to help Pink Sheets foreign stocks listings

We've noted in FierceSarbox that the once reputation-challenged Pink Sheets, run by the Pink OTC Markets, was given new life by Sarbanes-Oxley. Lots of brand-name foreign issues migrated there to avoid the new regulations. Pink OTC Markets launched International OTCQX, to differentiate the foreign ADRs from the 9,000 other issues traded on the electronic bulletin board service. A new SEC rule could make this market even more vibrant, assuming OTC systems can handle them. The SEC has imposed rules that make reporting the same as for non-OTC other stocks. Trades will have to be reported within 90 seconds of execution, and last-sale information will have to be reported in real time, notes Financial News Online.

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