Municipal Mortgage Continues to Work with Regulatory Authorities to Resume Trading in Common Shares
As of the close of trading today, October 2, 2013, trading in the common shares of Municipal Mortgage & Equity, LLC (OTC: MMAB) ("MuniMae", "the Company," "we", or "our") had not yet resumed on the OTC Link Market. We continue to work with both the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA") to clear the final procedural hurdles required to resume trading in our common shares. Following the conclusion of certain procedural actions by the SEC and FINRA, we anticipate trading in our common shares will resume under our prior trading symbol, MMAB; however the precise timing of the resumption of trading remains uncertain. In the interim we have received information from certain broker-dealers that they have filed the required Form 211 with FINRA in anticipation of becoming market-makers in our common shares. This is an important step in order to reestablish a market in our common shares and these market-makers are awaiting the conclusion of these regulatory steps so that they can begin trading.
Over the past two days we have worked steadily with the SEC and FINRA in an effort to bring resolution to these final procedural matters. Based on