Onci! Finra could be suspect! Thanks ApollyonZ
Post# of 40991
(Total Views: 209)
Posted On: 09/10/2018 6:39:27 PM
Onci! Finra could be suspect!
Thanks ApollyonZ
What happened to the rule change proposed in 2014? It went through several SEC public comment periods. And then on March 3, 2015, FINRA quietly withdrew it, offering no explanation.
The Rule 6500 Series, which FINRA wanted to kill in 2014, is still in place. Even so, FINRA’s penny stock responsibilities go far beyond managing a trading platform. They’re multiple and diverse, and most are part of what FINRA calls the “6400 Series” of internal rules.
Most of these rules are directed at broker-dealers, and have no enforcement or disciplinary implications for issuers. Rules 6430-6431 and 6433-6438 have to do with quotation requirements, for example. Rule 6450 has to do with access fees that may be charged by market makers; 6460 governs the display of customer limit orders; and 6480 is directed at members who wish to use more than one Market Participant Symbol (MPID) to quote and trade securities or to report trades
https://www.securitieslawyer101.com/2018/finr...k-issuers/
Appears Finra a private org like Otc like DTC like Irs does questionable things!
S of limitation for fraud is 5 years, they had plenty of time if that was the case! Name change papers is in Finra’s possession and I am aware of Del debt.
One could argue Finra allowed OTC and MM to profit from abnormal behavior..Imo.
Gltu
Thanks ApollyonZ
What happened to the rule change proposed in 2014? It went through several SEC public comment periods. And then on March 3, 2015, FINRA quietly withdrew it, offering no explanation.
The Rule 6500 Series, which FINRA wanted to kill in 2014, is still in place. Even so, FINRA’s penny stock responsibilities go far beyond managing a trading platform. They’re multiple and diverse, and most are part of what FINRA calls the “6400 Series” of internal rules.
Most of these rules are directed at broker-dealers, and have no enforcement or disciplinary implications for issuers. Rules 6430-6431 and 6433-6438 have to do with quotation requirements, for example. Rule 6450 has to do with access fees that may be charged by market makers; 6460 governs the display of customer limit orders; and 6480 is directed at members who wish to use more than one Market Participant Symbol (MPID) to quote and trade securities or to report trades
https://www.securitieslawyer101.com/2018/finr...k-issuers/
Appears Finra a private org like Otc like DTC like Irs does questionable things!
S of limitation for fraud is 5 years, they had plenty of time if that was the case! Name change papers is in Finra’s possession and I am aware of Del debt.
One could argue Finra allowed OTC and MM to profit from abnormal behavior..Imo.
Gltu
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