Now their ADRs trade over-the-counter at OTC Markets, where they are exempt from the law.
If exits are so difficult why not monetize in secondary or OTC markets?
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Most recently, lawmakers are expressing concern about the potential acquisition of A123 Systems, Inc. (OTC Markets:AONEQ) by Wanxiang, a large, privately owned Chinese auto parts maker.
The pending auction of the battery business of A123 Systems, Inc. (OTC Markets:AONEQ) will present yet another test for the U.S. expansion plans of Chinese companies interested in becoming global players.
If you want trading data and (where available) financial data on unlisted stocks, a good resource is OTC Markets, the successor to the old Pink Sheets and a trading platform for 9, 973 issues.
But getting OTC derivative markets to use trading platforms is harder than getting them to clear: anything traded on an exchange can be cleared, but the converse is not true.
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Using unique alphanumeric identifiers for financial firms would improve OTC derivatives markets, make it easier for regulators to see aggregated risk, and, once systems were changed over, would simplify record keeping, improve operational efficiency for firms and eliminate a lot of reconciliation work, according to a report the BIS issued from the Committee on Payment and Settlement Systems and the Technical Committee of IOSCO.
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We also originated an OTC trading desk for the firm and made markets as well as did institutional trading and directed brokerage.
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Most prominently that includes any discussion of Citigroup Global Markets' relationship with WorldCom (otc: WCOEQ - news - people ).
During the financial crisis, the credit default swap (CDS) market, a part of the OTC derivatives market, took center stage as difficulties in financial markets began to intensify and the counterparty risk involved in a largely bilaterally cleared market became apparent.
The subprime meltdown, which began about this time last year with the bankruptcy of New Century Financial (other-otc: NEWC - news - people ), has spread throughout the credit markets and has dragged down banks and bond insurers along with it.
Although not an extraordinarily large company by many metrics, Bear Stearns was deeply involved in a number of critical markets, including (as I have noted) markets for short-term secured funding as well as those for over-the-counter (OTC) derivatives.
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