Category: 15c2-11

The information disclosure package submitted by a broker/dealer to FINRA to initiate trading in a company’s securities on the OTC Market.  The 15c2-11 information package can only be submitted by a registered broker/dealer that is approved for trading Over the Counter (OTC) securities.  The 15c2-11 information package contains information on key areas of a company’s business plan, management, and shareholders.

New Case Study: Resuming Trading Following a Trading Suspension

New Case Study:  Resuming Trading Following a Trading Suspension Coral Capital Advisors has published a new Case Study: Case Study # 10:  Case Study #10:  Resuming Trading on the OTC Following a Trading Halt In this Case Study we take…

Questions in Request for Comments on Changes to Rule 15c2-11

Questions in Request for Comments on Changes to Rule 15c2-11 A couple of weeks ago, we published an article announcing the Securities and Exchange Commission (SEC) had officially published proposed changes to Rule 15c2-11.  Officially tiled “Publication or Submission of…

Initial Statement on Proposed Changes to Rule 15c2-11

Coral’s Initial Statement on Proposed Changes to Rule 15c2-11 A couple of weeks ago, we published an article announcing the Securities and Exchange Commission (SEC) had officially published proposed changes changes to Rule 15c2-11.  Officially tiled “Publication or Submission of…

The SEC’s Proposed Changes to Rule 15c2-11

The SEC’s Proposed Changes to Rule 15c2-11 The Securities and Exchange Commission (SEC) published on September 25th its proposed changes to Rule 15c2-11.  Officially tiled “Publication or Submission of Quotation Without Specified Information.”  A version of the proposed changes to…

Gifting of Shares – Do Not Do It !

The gifting of shares of stock prior to taking a small cap company public can seem like a good idea. However, in reality it causes significant problems that can easily be avoided. In this blog post we take a look at those issues and how they can easily be avoided.

FINRA Adopts New Electronic Form 211

FINRA recently published Regulatory Notice 17-26, mandating the use of the electronic Form 211. Beginning on October 23rd, 2017, firms must begin using the electronic Form 211, instead of the current paper submissions. What this does is effectively eliminate the current process of submitting the information required pursuant to SEA Rule 15c2-11 by way of a paper submission.