(Total Views: 468)
Posted On: 08/01/2023 1:49:28 PM
Post# of 85937
Re: mikeyt1818 #75996
If it’s SEC/NASDAQ I say we are close .. what we don’t want is name change because believe it or not FINRA is the slowest of all of them
It’s two fold
1. The SEC gave FINRA more muscle to dig deep into companies to prevent the rampant fraud that usually takes place in OTC land
They now have the power to ask for additional filings paperwork you name it
2. Lazy phlucks
So hopefully Dalton keeps UNVC name worry about name change after launch if that’s what he wants
“Prior to 2010, FINRA’s role has been predominantly ministerial due to their limited jurisdictional ability to impose informational or other regulatory requirements, and fundamental lack of power to reject requested changes. However, since the SEC began expressing concern that entities were using FINRA to assist in fraudulent activities, Rule 6490 was created.
The Rule codifies FINRA’s authority to conduct in-depth reviews of company-related actions and equips the staff with discretion to refuse the processing of such actions in situations when the information or requisite forms are incomplete or when certain indicators of potential fraud exist.
It’s two fold
1. The SEC gave FINRA more muscle to dig deep into companies to prevent the rampant fraud that usually takes place in OTC land
They now have the power to ask for additional filings paperwork you name it
2. Lazy phlucks
So hopefully Dalton keeps UNVC name worry about name change after launch if that’s what he wants
“Prior to 2010, FINRA’s role has been predominantly ministerial due to their limited jurisdictional ability to impose informational or other regulatory requirements, and fundamental lack of power to reject requested changes. However, since the SEC began expressing concern that entities were using FINRA to assist in fraudulent activities, Rule 6490 was created.
The Rule codifies FINRA’s authority to conduct in-depth reviews of company-related actions and equips the staff with discretion to refuse the processing of such actions in situations when the information or requisite forms are incomplete or when certain indicators of potential fraud exist.
(11)
(1)Scroll down for more posts ▼
