OTC Markets CEO Cromwell Coulson said in a tweet Wednesday that Hometown International s demotion and warning label were due to public interest concerns – and for not complying with the rules.
$HWIN Delisted from OTCQB for not complying with the rules and marked CE for public interest concerns https://t.co/pMKO55Uq2B Cromwell Coulson (@cromwellc) April 22, 2021
OTC Markets officials on Thursday would not say whether they have contacted the Securities and Exchange Commission, which regulates publicly traded companies, about their concerns with Hometown International.
But OTC Markets general counsel Dan Zinn noted that every suspension or action the firm takes against one of the 11,000 companies that trade on its over-the-counter market platforms is all publicly available, so the SEC and FINRA [the regulator of broker-dealers] has access to all of these.
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