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Article: BCSC Seeks Comment on Proposals Related to U.S. OTC Issuers and Dealers
- Article from:
- CCNMatthews Newswire
- Article date:
- October 30, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - The
British Columbia Securities Commission is proposing a new rule for
issuers quoted in the U.S. over-the-counter markets and new
conditions of registration for investment dealers that trade in these
markets.
On Oct. 29, 2007, the BCSC published for comment a proposed rule
that would give the commission better legal tools to improve
disclosure of OTC issuers based in B.C., and to discourage the
manufacture and sale of shell companies that may be used for abusive
purposes. The BCSC is also proposing new conditions to increase
investment dealers' accountability for their trading activities in
securities quoted in the U.S. OTC ...