Series 24: Quotation Rules For Both OTCBB And Pink Sheets

Taken from our Series 24 Online Guide

We have an Audiobook for this text!

Quotation Rules for Both OTCBB and Pink Sheets

A quotation on the OTCBB or the Pink Sheets may include any of the following:

• A priced bid
• A priced offer
• A priced bid and a priced offer
• An unpriced indication of interest (including “bid wanted” or “offer wanted”).
• Quotations may also be submitted with a modifier to indicate that they represent unsolicited customer interest.

Other facts to remember about OTCBB and Pink Sheet quotes versus Nasdaq quotes are:

• OTCBB and Pink Sheet quotations do not need to be two-sided. Unlike on the Nasdaq, one-sided quotes are acceptable.
• Firm versus Subject Quotes. National Exchanges and Nasdaq require only firm quotes. OTCBB quotes are generally required to be firm; however, quotes for Direct Participation Program securities do not have to be firm. Pink Sheets allow subject quotes. Subject quotes, also called nominal quotes, are often received over the phone and involve words such as “the price is around” or “the price looks like” o

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Quotation Rules For Both OTCBB And Pink Sheets, you might also be interested in:

Series 26 - Filing the Registration Statement

Series 66 - Exercise

Series 6 - 7.4.1.5.5. Market Value vs. Book Value of an Equity Security

Series 3 - 7.4.2.5. Filing Dates for Disclosure Document

Series 52 - Chapter 5 Practice Questions

Series 24 - 5.10.1.5. Order Protection Rule

Series 27 - Review of Customer Accounts

Series 50 - Disclosure Exceptions

Series 52 - 7.2. Economic Indicators

Series 79 - Delivery of Prospectus by Dealers (Rule 174)

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I took another vendors 24 course but it did not compare to how Solomon Exam Prep for Series 24 prepared me. The material and practice exams, especially the timed exams, were broken up by sections, similar to the FINRA Exam. This really helped in allowing me to understand which section(s) I needed to spend more time on/hit harder. Thank you Solomon!!!

Jim Ruckman, Mass Mutual

I used Solomon to sit Series 24 and Series 79, passing with 81% and 88% respectively. Having looked at other material providers, Solomon stands out because of their prompt replies to student questions and the completeness of the answers provided – they are the best out there!

Chris Brice,CFA Bell Potter Cantley, Québec, Canada

I just took the Series 24 and passed with an 80%. I couldn't have done it without the Solomon test simulator.

Joseph Shapiro, Edward Jones Investments, St. Louis, MO

I passed the Series 24 on the first try with an 80%! This was the highest of all of my Series exam scores and I attribute much of my success to Solomon's amazing study materials. The practice exams are spot-on and the video lectures were a great supplement to the readings. I suggest following the study schedule Solomon provides for a successful outcome!

Katelyn H, Las Vegas, NV

I would just like to say that Solomon’s customer service was excellent. The material was clear and easy to understand and I feel that it prepared me extremely well for my exam. I found the study outline to be the most helpful in keeping me on track. I would definitely refer the material to anyone taking the Series 24. Thank you to the Solomon team for helping me pass my 24!

Tamaqua Roland, Philadelphia, PA

I tried studying on my own using materials from another vendor, which was super wordy and lengthy. After much frustration, I looked for new study materials and discovered Solomon. It is concise, clear and presented well. The subject area quizzes and practice exams were unlimited and very helpful. Six weeks later I passed the Series 24 with an 85! I would not hesitate to use Solomon again, should the need arise.

Yasmeen M.