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Pink OTC Markets Inc. and Blue Sky Data Corp. have
partnered to provide U.S. OTC traded companies with
experienced guidance on how to become "Blue Sky"
compliant in each of the 50 U.S. states.
The service
provides OTC issuers with:
- A determination of a company's Blue Sky status in each
state and guidance regarding available exemptions and
additional information, filings or registrations required
for compliance in additional states
- Critical ongoing monitoring and notification of
changes in state securities laws so companies can
stay on top of state requirements and maintain their
Blue Sky status in chosen states
- Communication of a company's Blue Sky iformation
to brokerage and clearing firms around the country to
ensure their compliance with state rules and regulations
pertaining to secondary trading
- Access to view the current list of states in which the
securities are registered or exempt from registration, i.e.
Blue Sky compliant (available to www.otciq.com users)
Each state has its own securities laws and rules,
commonly known as the "Blue Sky Laws", which regulate
offers and sales of securities, as well as the registration
and reporting requirements for broker-dealers and
investment advisers seeking to offer their investment
advisory services. Companies listed on a U.S. exchange
are granted automatic Blue Sky exemption in all 50
states; however, once a company commences trading
in the OTC market, it is required to become Blue Sky
compliant with an individual state's Blue Sky laws before
offers or sales may be made in that state. Each state
institutes specific requirements that must be
met in order to receive the exemption. The Blue Sky
Advisory Service fulfills brokers' regulatory checks so
they know which stocks they can recommend to
investors in which states.
Companies that trade in the U.S. OTC market
must be Blue Sky compliant in each state in
order for brokers to recommend their stock to
investors in that state.
Subscribe
Companies may subscribe to the Blue Sky Advisory
Service by completing the Issuer Services Agreement.
Blue Sky Advisory Service Fees
Annual Fee: $1,500
This service is complimentary for OTCQX listed
companies.
Contact
For more information, please contact
issuers@pinkotc.com
(212) 896-4420 or (800) 732-7868
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