#Twitter ticker stock registration

Should that happen, the troublesome ticker will disappear, along with Tweeter Home Entertainment’s public company status. It seems likely that at some point the SEC-whose activity is currently curtailed by the government shutdown-will bring an administrative proceeding to revoke the stock’s registration. The company must then find a sponsoring market maker willing to file a Form 211 with FINRA so that the stock may once again trade as a Pink or a fully-reporting issuer on a higher OTCMarkets tier. Upon resumption of trading, the stock will reopen on the Grey Market, because it has lost compliance with Rule 15c2-11. FINRA offers no official explanation of these actions, but does make an announcement when trading is about to resume. Earlier in the year, Eco-Trade Corp (BOPT) was halted in the same way, though evidently for different reasons. U-3 halts may last up to ten days, but if it wishes, FINRA can extend them for additional ten day periods. A U-3 halt is an “extraordinary event halt,” so called because “FINRA has determined that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security… or has caused or has the potential to cause major disruption to the marketplace or significant uncertainty in the settlement and clearance process.” FINRA had the authority to do so because it oversees and regulates trading in over-the-counter issues. At 12:43 p.m., the Financial Industry Regulatory Authority (“FINRA”) imposed a U-3 trading halt, and the action stopped abruptly. TWTRQ closed at $0.0065 on the 3 rd on the 4 th, it reached an intraday high of $0.15. Volume was the highest the stock had seen since 2007. On the morning of the 4 th, some investors, evidently unaware that Twitter’s IPO has not yet been launched, and equally unaware that a “Q” ticker suffix indicates bankruptcy, jumped on the stock, driving it to gains greater than 1400% before stock price fell back on profit-taking. On the first page of the prospectus it was disclosed that the company’s ticker will be TWTR when it begins trading on the Nasdaq.

#Twitter ticker stock registration

filed a Form S-1 registration statement with the Securities and Exchange Commission (“SEC”) announcing the details of its initial public offering (“IPO”). TWTRQ, to be more exact, the company went bankrupt in 2007, and hasn’t reported to the Securities and Exchange Commission (“SEC”) since then.

Sometimes dormant stocks-often called Zombie Tickers-run for no reason at all, but when Tweeter Home Entertainment Group took off on October 4, 2013, there was an obvious explanation: the company’s stock symbol is TWTR.