The Pink Sheets is an electronic quotation system that provides price and other financial information for the over-the-counter securities markets. The company was founded in 1904 as a quotation service, originally printed on pink sheets of paper. Today, it is published by Pink Sheets, LLC, a private company. The Pink Sheets does not have any listing requirements for the companies that it quotes. The companies listed on the Pink Sheets are almost all very small and thinly traded, and do not meet the listing requirements of the Nasdaq, the leading over-the-counter market. Also, a great many do not file audited financial statements of periodic reports. Companies quoted in the Pink Sheets thus tend to be risky ones to invest in. |
