OTC Markets Group Cracks Down on Manipulative and Misleading Stock Promotion

• New symbol will signal the presence of promotional activity on companies’ quote pages at OTCMarkets.com and other websites owned by the group
• Misleading and manipulative stock promotion is an industry-wide concern, as it can disrupt the market and harm investors
• NetworkNewsWire, an experienced corporate communications company, welcomes the change, reiterates commitment to delivering only factual content and relevant industry and company news

Manipulative and misleading practices of stock promotion have been a concern for the entire industry for quite some time, but, with the proliferation of online exchange platforms, social media and digital information channels, they have become a significant problem with potentially dramatic consequences for the market. Fraudulent stock promotion can harm investors and market dynamics, but it can also disrupt efficient pricing mechanisms, hinder capital formation and damage the reputation of small companies. Increasingly aware of the issue, regulators last year issued a warning to investors, urging caution and alerting them that seemingly independent information on investment research websites may in fact be part of deceitful stock promotion campaigns.

To help address the issue, New York-based organization OTC Markets Group, Inc. (OTCQX: OTCM) officially launched a new stock promotion symbol, a simple promotion risk flag that alerts market participants, investors and regulators to the presence of…

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