So, at the end of the day, it is really not FINRA that is preventing broker dealers from accepting your OTCBB shares, it is the perceived fear that has been instilled into the firms themselves. The larger online firms want to steer clear of anything that could attract the wrath of FINRA and you cannot blame them for that. But this position smacks more of laziness than anything else. They simply do not want to be bothered by the additional documentation required to be completed by their online customers. However, the regional and local brokerage firms will gladly take your OTCBB stock certificates but you will have to complete questionnaires from both the BD and the clearing firm.

If you do try to deposit a stock certificate of an OTCBB stock and it gets rejected most likely there is nothing wrong with the stock, just the brokerage firm you are doing business with.

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