Series 79: OTC Bulletin Board

OTC Bulletin Board

Most publicly traded companies are not well known and the equities they issue are not in high demand. Such companies typically don’t qualify for, or don’t want to deal with the expense and hassle of, listing on a major stock exchange. Instead, their shares, sometimes known as penny stocks or microcap stocks, trade in the over-the-counter market.

While NASDAQ is still sometimes referred to (incorrectly) as an over-the-counter market, in true over-the-counter trading, brokerages match would-be buyers and sellers in an essentially manual proces