BROKER-DEALER FINRA –

Proposes Changes to Its Inter-Dealer Quotation System for OTC Equity Securities –

The Financial Industry Regulatory Authority has proposed changes to its inter-dealer quotation system referred to as the “OTC Bulletin Board Service.” Specifically, FINRA is proposing to rename the service as the “Over-the-Counter Display Facility,” or “ODF.” The ODF will be expanded to include any over-the-counter equity security instead of limiting the service to securities from “reporting company” issuers.