So here is an intriguing excerpt from the FINRA website regarding Corporate Actions. Can anyone square this info with the delay or educate me on how this works/what I'm missing?


"Federal securities regulations task FINRA with processing corporate action announcement requests by companies that trade in the over-the-counter (OTC) marketplace rather than on a national securities exchange. Corporate actions reportable to FINRA generally include mergers, a dividend or other distribution of cash or securities, stock splits and name and domicile changes.

FINRA’s processing function helps to keep investors and the market informed of company corporate actions. However, FINRA is not responsible for approving or disapproving the action the company is taking. And FINRA does not review such requests for a company’s compliance with any federal, state or other regulatory requirements. The public company is responsible for making sure their business decisions comply with all applicable laws and regulations."

I guess this left me wondering if Generex is really using FINRA as a smokescreen... if FINRA doesn't approve the corporate actions, but merely communicates them, how are they responsible for a delay?



https://www.finra.org/investors/insights/corp...hould-know