FYI - The OTC Pink Market ceased to exist on July 1st, 2025. This information should be updated here in the SIE prep materials because this information is now out of date (unsure if this will matter for the exam but it’s worth noting): Other OTC markets | The markets | The secondary market | Achievable SIE
Source: OTC Markets | Official site of OTCQX, OTCQB, OTCID and Pink Limited Markets
Hi, thanks for reaching out about this!
The OTC Pink Market concept is still relevant, both in theory and in practice.
The referenced change is that specifically, the OTC Pink Current is being replaced by the OTCID Basic Market, to clarify the naming and reporting requirements.
Companies on the Pink Current Market will either moved to the OTCID Market or downgraded to the Pink Limited Market depending on whether they met the eligibility requirements of OTCID. A description of each market is below:
The OTCID Basic Market is for companies that publish baseline information, rather than meet the higher qualifications of our premium markets. These companies provide ongoing financial disclosure and a management certification, and verify their company profile for US investors, brokers and regulators.
The Pink Limited Market is for broker-dealers to publicly quote securities with limited to no issuer involvement. Pink Limited companies do not certify their compliance with established reporting standards, have limited availability of disclosure or financial information and may not support their U.S. market. These securities are identified with yield sign to warn investors to proceed with caution.
We don’t anticipate any changes from a FINRA testing perspective, as the core concept is still the same: “OTC Pink” means limited disclosures and higher risk for investors.