Job Title N Business

2. Why are you looking (or why did you leave you last job)?

you are looking for a new job (or any job) because you want to advance your career and get a position that allows you to grow as a person and an employee.

OTC BROKERS

OTC refers to over-the-counter, thus OTC brokers are over-the-counter brokers. But, what exactly is OTC and what is the function of OTC brokers? Broadly speaking, OTC brokers might trade in unlisted stocks, bonds, and derivatives. Financial instruments classified as over-the-counter are categorized so because they are not traded on a formal exchange, such as a stock exchange. Unlisted stocks are one example. Bonds, which are examples of debt securities, are OTC because they are generally sold by a network such as banks and other financial institutes. And, derivatives are contracts involving two entities, which are not sold through exchanges, but rather OTC brokers.

Often, investors are confused by the term unlisted stock. They do not understand why it is not bought and sold on any of the stock exchanges. The answer to this is simple. The company that has issued the stock does not meet the criteria of any exchange. Therefore, they cannot sell the stock in that manner. They must find other ways to create interest, and ultimately sell the stock to investors. This is done through OTC brokers who negotiate the deals. Frequently, people are also confused about the role of NASDAQ. Many believe that because NASDAQ has its own dealer network, that the stocks listed there are considered OTC. This is not true. NASDAQ is a stock exchange, and those stocks are not OTC.

In 1990, the OTC Bulletin Board (OTCBB) was created as a result of the The Penny Stock Reform Act which required the SEC to develop an electronic system to publish quotation and last-sale information. The OTCBB is basically a way for subscribers to view real-time quotations, and know what trade activity has transpired in terms of volume and price. It may include regional, national or...