OTC Markets Group Designates Keith Billotti of Seward & Kissel as an OTCQX Sponsor

Rhea-AI Summary

OTC Markets Group Inc. (OTCQX: OTCM) has appointed Keith Billotti, Co-head of Seward & Kissel's Capital Markets and Corporate Securities Group, as an OTCQX sponsor. This designation will aid companies in the U.S. and Nordic regions to enhance their presence on the OTCQX Market, aiming to improve tradability among U.S. investors. Billotti’s involvement is critical for foreign private issuers to navigate the OTCQX guidelines.

Seward & Kissel is renowned for its expertise in financial services and investment management.

NEW YORK, May 6, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, announced that Keith Billotti, Co-head of Seward & Kissel's Capital Markets and Corporate Securities Group, has been designated as an OTCQX sponsor representing companies in the United States and abroad, including in the Nordic region.

Keith Billotti, representing Seward & Kissel, is approved by OTC Markets Group to act as a sponsor for companies to be quoted on the OTCQX Market. Seward & Kissel LLP, a leading U.S. law firm with offices in New York City and Washington, D.C., has a particular expertise in the financial services, investment management, banking, and maritime industries.

"OTC Markets Group is delighted to welcome Keith Billotti and Seward & Kissel LLP to our community of qualified OTCQX sponsors," said Joe Coveney, VP, International Corporate Services at OTC Markets Group. "As foreign private issuers, especially those in the Nordic region, look to the OTCQX Market to improve their tradability among U.S. investors, it is important to engage leading U.S. capital markets advisors to provide professional insight on the guidelines set forth in our OTCQX Rules."

To qualify for the OTCQX market, all U.S. and International companies must engage an OTCQX Sponsor. To learn more about the OTCQX Market, contact Joe Coveney at jcoveney@otcmarkets.com.

About Seward & Kissel LLP

Seward & Kissel LLP, founded in 1890, is a leading U.S. law firm with offices in New York City and Washington, D.C., with particular expertise in the financial services, investment management, banking, and shipping industries. The Firm is well known for its representation of investment advisers and related investment funds, broker-dealers, major commercial banks, institutional investors, and transportation companies (particularly in the shipping area). Its practices primarily focus on corporate, M&A, securities, litigation (including white collar), restructuring/bankruptcy, real estate, regulatory, tax, employment, and ERISA for clients seeking legal expertise in these areas

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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Media Contact:

OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

 

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SOURCE OTC Markets Group Inc.

FAQ

What is the significance of Keith Billotti's designation as an OTCQX sponsor?

Keith Billotti's designation as an OTCQX sponsor is significant because it facilitates U.S. and Nordic companies in enhancing their tradability on the OTCQX Market, providing necessary guidance on compliance with OTCQX guidelines.

How does the OTCQX Market benefit foreign private issuers?

The OTCQX Market benefits foreign private issuers by improving their visibility and accessibility to U.S. investors, thereby potentially increasing their market liquidity.

What role does Seward & Kissel LLP play in the OTCQX Market?

Seward & Kissel LLP plays a pivotal role in the OTCQX Market by providing legal and advisory services to companies seeking to comply with OTCQX guidelines.

When was Keith Billotti designated as an OTCQX sponsor?

Keith Billotti was designated as an OTCQX sponsor on May 6, 2021.

What is the purpose of engaging an OTCQX sponsor?

Engaging an OTCQX sponsor is necessary for companies to qualify for the OTCQX market, ensuring they meet the established standards and guidelines.