Penny Stock Platform Picked Pretty Good Day To Stop Working

Author:
Updated:
Original:

Some things went off without a hitch today. Other things did not.

Trading in thousands of stocks listed on OTC Markets Group Inc. froze Thursday after the platform suffered a "connectivity issue," according to a spokeswoman….

The breakdown on the lightly regulated market for stocks of companies too small, sparsely traded or troubled to be listed on the major markets came on a major news day for two of the market's most closely watched stocks, the government-backed mortgage investors Freddie Mac and Fannie Mae.

OTC Markets' outage was unrelated to the reports and was "purely a connectivity issue," said a spokeswoman for the company. She said officials at the marketplace didn't know when it would be able to reopen….

Staff first noticed the technology problems around 6 a.m. EST Thursday and opted not to open up trading when the U.S. stock market opened at 9:30 a.m. EST, the spokeswoman said.

OCT Markets Halted Due to 'Connectivity Issues' [WSJ]
Twitter Soars in Its Trading Debut [WSJ]

Related