Guidelines for Depositing OTC Securities

What is an Over-the-Counter Security (OTC Security)?

A security that trades via a dealer network as opposed to a centralized stock exchange such as the New York Stock Exchange or American Stock Exchange is referred to as an Over-the Counter (OTC) security.  The NASDAQ is considered a stock exchange.  As such, OTC stocks are generally unlisted stocks which trade on the Over-the-Counter Bulletin Boards (OTCBB) or on the Pink Sheets.

Does Key West Investments LLC accept deposits in OTC Securities?

Yes, provided we are able to demonstrate compliance with securities regulations.


What is the process for depositing OTC Securities?

Step One:  
Read this FAQ section in its entirety.

Step Two: 
Complete the Equity Deposit Questionnaire (EDQ). The EDQ is a lengthy questionnaire tand we expect many shareholders are unsure how to answer some questions, so we ask you to fill it out as much as possible  Upon completion, please fax your completed form to (626) 377-9968 or email the form to support@keywestinvestments.com.  There is no fee associated with reviewing a prospective deposit involving OTC Securities.

Step Three:
A representative from Key West Investments will contact you regarding your potential deposit. The initial review will generally be completed within 24-48 hours.  If it is determined that the shares appear to be acceptable for deposit and potentially resold, we will request supporting documents to evidence compliance with federal securities laws.

IMPORTANT: Any stock certificate received by our office prior to Step Four will be returned to the address it was mailed from by standard mail.


Step Four:
Submit new account forms and fund your account (see Initial and Minimum Equity Requirements within the New Accounts section).






You may also be interested in:

Share Deposits and Withdrawals
Opening a New Account
Trading
Disclosure

NEED HELP? Please refer to Questions links or contact us at
(626) 377-9988
or email to: support@keywestinvestments