You can see when this is happening. A company is r
Post# of 2913
(Total Views: 1443)
Posted On: 06/06/2018 1:33:14 PM
You can see when this is happening. A company is required to file appropriately. Run searches of symbols over customized time periods on FINRA's Daily List of official notices.
http://otce.finra.org/DLDividendsDistributionsSplit
Just for the hell of it, because my accts show no such split occurring, I ran a search from the 15th of May to today, placed the order of symbols in alphabetical order, and NO SPCL was present.
To do a RS without proper notice to FINRA constitutes fraud. They have nothing to gain from that but a world of hurt. LieHub is the most likely source of that "fake" news.
2. What documents are required for a stock split?
"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."
http://otce.finra.org/DLDividendsDistributionsSplit
Just for the hell of it, because my accts show no such split occurring, I ran a search from the 15th of May to today, placed the order of symbols in alphabetical order, and NO SPCL was present.
To do a RS without proper notice to FINRA constitutes fraud. They have nothing to gain from that but a world of hurt. LieHub is the most likely source of that "fake" news.
2. What documents are required for a stock split?
"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."
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