Why not give them the 60 days as per FINRA EMZ s
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Posted On: 05/22/2018 4:03:13 PM
Why not give them the 60 days as per FINRA
EMZ sent me this below and maybe all should read/reread FINRA
It's a FINRA issue/rule. Click here:
http://www.finra.org/industry/faq-upc-corporate-actions-faq
Scroll down to Section headed "Other Company Related Actions"- you will see at #3 the "10 day" advance notice I think you are mentioning, but that's for a "name Change", not a symbol Change. Right below that is #4 with the 60 day rule regarding Symbol Changes:
3. What documents are required for a Company to change its name?
The company needs to complete the Issuer Company-Related Action Notification Form and submit to FINRA no later than 10 calendar days prior to the record date of the corporate action. Submissions can be set via email or fax to (202) 689-3533. Failure by an OTC Equity issuer to provide the requisite notice may constitute fraud under Section 10 of the Securities Exchange Act of 1934.
4. Are there any reasons when an OTC Voluntary Symbol Change will not be granted? Or are there any time restrictions when requesting an OTC Voluntary Symbol Change request?
Yes, FINRA will not process a voluntary symbol request if the issuer has either an announced corporate action or a symbol change within the past 60 days.
EMZ sent me this below and maybe all should read/reread FINRA
It's a FINRA issue/rule. Click here:
http://www.finra.org/industry/faq-upc-corporate-actions-faq
Scroll down to Section headed "Other Company Related Actions"- you will see at #3 the "10 day" advance notice I think you are mentioning, but that's for a "name Change", not a symbol Change. Right below that is #4 with the 60 day rule regarding Symbol Changes:
3. What documents are required for a Company to change its name?
The company needs to complete the Issuer Company-Related Action Notification Form and submit to FINRA no later than 10 calendar days prior to the record date of the corporate action. Submissions can be set via email or fax to (202) 689-3533. Failure by an OTC Equity issuer to provide the requisite notice may constitute fraud under Section 10 of the Securities Exchange Act of 1934.
4. Are there any reasons when an OTC Voluntary Symbol Change will not be granted? Or are there any time restrictions when requesting an OTC Voluntary Symbol Change request?
Yes, FINRA will not process a voluntary symbol request if the issuer has either an announced corporate action or a symbol change within the past 60 days.
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