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OTC Markets Group Inc. Completes Change to Deloitte & Touche LLP as Independent Auditor
Nov 08, 2011 (04:11 PM EST)
NEW YORK, Nov. 8, 2011 /PRNewswire/ -- OTC Markets Group Inc. (the "Company") (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 today that it signed a letter of engagement with Deloitte & Touche LLP ("Deloitte") to be the Company's independent auditors for fiscal year 2011.
The signing of a formal engagement letter completes the Company's previously announced move to Deloitte as the Company's new independent auditors. The selection of Deloitte was made by the Audit Committee of the Board of Directors, and was ratified by the Company's shareholders on September 20, 2011. Deloitte will replace the Company's previous independent auditors, Pustorino, Puglisi & Co., LLP ("Pustorino"). Pustorino did not resign or decline to stand for re-election, and none of Pustorino's reports on the financial statements of the Company contained an adverse opinion or disclaimer of opinion, or was modified as to uncertainty, audit scope or accounting principles. For more information, see the Company's related announcement from August 30, 2011 (http://www.otcmarkets.com/news/otc-press-release?id=438).
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. 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 open 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.