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New York-headquartered OTC Markets Group Inc., an Alternative Trading System (ATS) operator, today announced that two of its operated venues including OTCQX and OTCQB have received state blue sky recognition, as per an official announcement.
Each U.S. state determines what qualifies under their respective Blue Sky Manual Exemption rules, and OTC Markets Group revealed that Vermont state regulators had recognized its OTCQX market, and Washington, Iowa, and Wyoming regulators recognized both OTCQX and OTCQB markets for the purpose of each state’s respective manuals.
Goal for every state
The move helps set a basis for future states to recognize OTC Markets ... ([url=http://www.financemagnates.com/institutional-forex/exchanges/otc-markets-gets-blue-sky-recognition-for-two-of-its-venues-in-4-us-states/]read more)