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OTC Markets Group Inc. Announces Resignation of Jason Paltrowitz from its Board of Directors
Jul 05, 2011 (05:07 PM EDT)
NEW YORK, July 5, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Jason Paltrowitz has resigned from its Board of Directors, as his recently accepted position as a Managing Director in the Securities Services Division of JPMorgan restricts him from serving on an outside Board. Mr. Paltrowitz had been a Director of OTC Markets Group since April 2008.
"Jason has been an outstanding Board member for OTC Markets Group, investing his time and insight to help foster our growth and success," said R. Cromwell Coulson, President and Chief Executive Officer. "His contributions have played an integral role in our development into an industry leader. We thank Jason for his dedicated service, and wish him all the best in his new role."
OTC Markets Group will seek to replace Mr. Paltrowitz on its Board.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers – OTCQX® (the quality controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies) and OTC Pink™ (the speculative trading marketplace) – so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.