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The purpose of this paper is to provide a breakdown
of the Over-the-counter Bulletin Board as well as the
Pink Sheets. Professor Carl Luft from the DePaul
University in Chicago and Lawrence M. Levine director
of Corporate Finance Services at American Express Tax
and Business Services Inc. in Chicago and Scott
Larson who is an Intermediate Research Analyst at
Allstate Insurance have pointed out in their research
paper "Over the Counter Bulletin Board Exchange
Market Structure, Risk and Return" that the lack of
knowledge of the OTCBB Exchange has motivated them to
produce their paper about the estimates of the
market´´s risk and return. Undoubtedly has their
research filled the information void by enlightening
investors about the structure of the OTCBB, but I
believe that the OTCBB as well as the Pink Sheets
deserve a more detailed and in depth research when it
comes to determining the structural rules and the
trading processes that govern these trading venues.
The idea is to elaborate the theoretical background
that determines the over-the-counter market in
general and then put the OTCBB and the Pink Sheets in
context with each other as well as with the theory.

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Andreas Goschler, wurde am 02. Februar 1980 in Wien geboren.Herr Goschler ist Magister der internationalenWirtschaftswissenschaften verliehen von der UniversitätInnsbruck/Österreich.

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