What are the pink leaves?

Unlike public perception, pink leaves are not a stock exchange. Pink leaves are a citation service designed to help in trading with most unregulated cheap shares known as Penny Stocks. The name comes from its days as a National Citizen Council (NQB), when shares prices were published on the leaves of pink newspaper paper. Using the most advanced communication technologies available, the stock quotations from more than four dozen cities throughout the United States have gathered and disseminated. In 1963 he bought Clearing House NQB. The emphasis on the exchange of technologies and the rapid exchange of information was canceled and the NQB was soon reduced to publish monthly magazines. This leads directly to the creation of the National Sealers Association (NASD) and the Nasdaq stock market, because the NQB has no longer fulfilled the need for quotation in real time of slightly traded action.

In 1997, NQB reorganized under the new management A, in a nodding on its heritage, soon changed the name to Pink Sheets, LLC. BrieflyThe electronic citation service was set up. When SEC was first founded in 1933, it had lower standards than NQB were already stored.

Today, the situation is significantly different. Pink Sheets, LLC is very careful to describe itself as a citation service and not in fact the stock exchange. They do not qualify brokers and do not store any regulatory requirements for companies whose shares quote. All that is needed for stocks - virtually any shares - to get its quotes in pink sheets, contact information for the company and broker willing to create on stocks. It is a canonical example of the pronunciation market.