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OTC Markets Newsletter - May 2012
May 2012

Blue Sky Overview

“Blue Sky” laws are securities regulations that govern the offer and sale of securities in each U.S. state and territory. Each state has its own unique Blue Sky requirements, which are primarily designed to protect investors by ensuring adequate current information is available from credible sources.

Blue Sky laws apply to OTC-traded securities. Many companies and their advisors are not aware that Blue Sky laws apply to secondary market trading, even when there is not an IPO or other capital raise. Companies may comply on a state-by-state basis, either by registering directly or by qualifying for an exemption in each state. Companies listed on the Nasdaq® or NYSE® National Stock Exchanges are automatically Blue Sky compliant in all 50 states.

When a security is not compliant with state Blue Sky laws, over 630,000 registered securities representatives from 4,400+ FINRA-member broker-dealer firms in the U.S. are unable to provide financial advice and may have regulatory restrictions on accepting any orders in a security from potential investors. Financial advisor may be further limited in their ability to recommend or write research because it cannot be distributed to retail clients in any state in which a security is not compliant.

To assist companies seeking to expand their network with U.S. investors, OTC Markets Group offers the Blue Sky Monitoring Service. Blue Sky Monitoring Service enables investor-friendly companies to manage the states in which financial advisors may provide guidance or recommend their securities to potential investors.

If you’d like more information on how OTC Markets Group can help OTC traded companies monitor their Blue Sky compliance, please view our Blue Sky product sheets here: Blue Sky for OTCQX Issuers and Blue Sky Monitoring Service Overview. Please contact us anytime with questions.

'Transforming the OTC Market'

We recently completed a short film on the Wall Street Journal Online examining how OTC trading has transformed into an efficient, cost-effective, and information-rich marketplace. Please take a moment to review the film here: OTC Markets Group: 'Transforming the OTC Market'

WSJ.com Video

OTC Market Regulation & Compliance


President Obama recently signed the Jumpstart Our Business Startups Act (the “JOBS Act”) into law. The JOBS Act is one of the most significant regulatory changes in recent history, and is intended to promote job growth by easing the capital raising process for small and mid-sized companies.

We have put together a resource center with whitepapers, educational links, and regulatory notices discussing this important new law. See: The JOBS Act and its Impact on the OTC Marketplace.

AHT Insurance                         Ellenoff                       Scottsdale


OTC Events

OTC Markets Group has attended or will be participating in the following events to educate investors, broker-dealers, and OTC companies about our marketplace.

IR Awards Brazil (July 2, 2012)

Marcum Microcap Conference (June 20, 2012)

Reverse Mergers Conference (June 5, 2012)

The Euro Pacific Global Investment Conference (May 31, 2012)

13th Annual B. Riley Investor Conference (May 21-23, 2012)

Wall Street 1-2-1 (May 8-11, 2012)

NASAA Annual Conference 2012 (May 7, 2012)

OTCQX International Business Breakfast (May 2, 2012)

OTC News

OTC Markets Group Announces First Quarter 2012 Financial Results (May 14, 2012)

SEC Suspends Trading in Common Stock of 379 Companies Quoted on OTC Link - SEC.gov (May 14, 2012)

Getting Quoted on OTCQX International | An Overview for Non-US Companies - Schulte, Roth & Zabel (April 2012)

OTC Market Trade Summary - April 2012

OTC Market Tier # Securities* Monthly Dollar Volume Avg. Monthly Dollar Volume
per Security
Market Capitalization
(in Millions)*
OTCQX® 360 $2,115,209,622 $5,875,582 $1,122,937
OTCQB® 3,419 $3,443,972,358 $1,007,304 $235,624
OTC Pink® Current Information 2,246 $7,690,947,500 $3,424,287 $10,611,264
OTC Pink Limited Information 765 $692,069,335 $904,666 $12,349
OTC Pink No Information 3,412 $229,530,222 $67,271 $17,744
Totals 10,202 $14,171,729,037 $1,389,113 $11,999,918
* Selected data as of April 30, 2012.

OTCQX - New this Month - New Additions in April

Twenty companies joined OTCQX in the month of April.


  • American Vanadium Corp. (AVCVF)
  • Audio Pixels Holdings Ltd (ADPXY)
  • Canadian Energy Services & Technology Corp. (CESDF)
  • Casablanca Mining Ltd. (CUAU)
  • Caza Gold Corp. (CZGDF)
  • Continental Gold Limited (CGOOF)
  • Endeavour Mining Corporation (EDVMF)

A complete list of OTCQX companies is available on www.otcqx.com.

OTC Market Tiers

The intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability.

The venture marketplace for companies that are current in their reporting with a U.S. regulator.

OTC Pink
The open marketplace for a wide spectrum of equity securities.


For questions, please contact OTC Markets Group
www.otcmarkets.com • 212-430-3690 • info@otcmarkets.com
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© 2012 OTC Markets Group Inc.