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Over the counter trading refers to stock trading that takes place off a major exchange (OTC). This indicates that the stock trades are carried out by people connected by phone and computer networks. Organizations listing themselves on the OTCBB as more extensive exchanges may delist because they cannot comply with its listing standards. Any business that wants to list on the OTCBB must adhere to the listing standards and keep up with SEC reporting obligations. A firm listed on the Pink Sheets are exempt from the SEC’s filing requirements and minimum standards. Additionally, a business may decide to test the waters on the OTCBB as a stepping stone before attempting to fulfill the leading exchanges’ first listing requirements if it cannot achieve those standards. In contrast, the businesses listed on the Pink Sheets are typically penny stocks and are frequently the subjects of price manipulation. They should only be bought after a thorough investigation and with the utmost caution.