Series 24 Question of the Week

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


Correct Answer(s):

C. II, III and IV


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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