Contract Amount: minimum threshold securities
80,000 - 200,000 maximum threshold securities
It also requires mandatory close-outs for open fail-to-deliver positions in threshold securities
persisting for over 13 days, with the aim that no security would appear on the threshold for any extended period.
The average daily number of threshold securities declined by 38.
The average daily fails of threshold securities declined by 50.
The Company has been flagged under Rule 3210 which OTC Markets states as, "FINRA Rule 3210 defines threshold securities
as any equity security of an issuer that is not an SEC reporting security and, for five consecutive settlement days, has had an aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; and a reported last sale during normal market hours (9:30 a.
We also note that as of October 15, 2007, firms will have 35, rather than 13, consecutive settlement days to close out fails to deliver resulting from sales of non-reporting threshold securities
pursuant to SEC Rule 144.
This required list is referred to as the threshold securities list.
A market impact could happen earlier than expected as potential threshold securities stocks could become more attractively traded in the beginning of the year as the market begins to anticipate future movements in these stocks.
It also requires mandatory close-outs for open failures-to-deliver in threshold securities
persisting for more than 13 days, with the aim that no security would appear on the threshold for any extended period.
NEW YORK, July 31 /PRNewswire/ -- The American Stock ExchangeAcents (AmexAcents) today announced two final disciplinary actions for violations of Securities and Exchange Commission (SEC) Regulation SHO short sale rules in connection with trading activity in threshold securities, which occurred on various options and equity exchanges.
As a result of this violative trading activity, they were able to maintain impermissible naked short positions in a number of Regulation SHO threshold securities for a virtually unlimited period of time.