Rule 15g-3– Broker-Dealer Disclosure
The firm must provide customers with the current market bid and offer, if any, for the penny stock. This is to prevent broker-dealers from quoting prices that are far from the current market for the security.
The firm must provide customers with the current market bid and offer, if any, for the penny stock. This is to prevent broker-dealers from quoting prices that are far from the current market for the security.