A firm wishing to quote an issue in the OTCBB may piggyback another dealer’s continuous quote in the pink sheets if:
I. The security has a bid price of at least $5
II. The issuer is not in bankruptcy
III. The security is issued by a domestic issuer
IV. The issuer current with its reporting
A. I and II
B. II and IV
C. II, III and IV
D. I, II, III, IV
Correct Answer(s):
C. II, III and IV
Explanation:
All of the conditions listed must be met for a firm to piggyback a pink sheet quote except there is no requirement that the issue have bid of at least $5.
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