03.03.22

FINRA Halts Over-the-Counter Trades in Some Russian Companies

by: Gunjan Banerji

FINRA halted trading in the over-the-counter market for several U.S.-listed shares of Russian companies. The halt means that traders can no longer place bets on the stock in the over-the-counter market, in which banks often take the other side of trades. The London Stock Exchange said earlier Thursday that it halted trading in those companies after sanctions were placed on Russia, in order to “maintain orderly markets.”

Read the full article on Wall Street Journal