The OTC Bulletin Board or OTCBB is a United States quotation medium operated by the Financial Industry Regulatory Authority for its subscribing members. The board was used for many over-the-counter equity securities that are not listed on the NASDAQ or a national stock exchange, it has shrunk significantly as stock have migrated to the trading facilities of the OTC Markets Group. Broker-dealers who subscribe to the system, which is not electronic, can use the OTCBB to enter orders for OTC securities that qualify to be quoted. According to the U.S. Securities and Exchange Commission, “fraudsters often claim or imply that an OTCBB company is a Nasdaq company to mislead investors into thinking that the company is bigger than it is”. (Source: Wikipedia)

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