Treaty Energy Corp. (fka TECO)

[tdbowieknife]

No the SEC hasn't, and it's not the SEC that makes that decision, FINRA does, though the SEC can have some influence over FINRA decision and FINRA has NOT approved any of the corporate actions Treaty requested. I know that because none of them are on the Daily list. No mystery there.

These would be the reasons why they were not approved..

From FINRA Rule 6490 (Processing of Company-Related Actions)

The proposed rule also would provide that if a request to process a Company-Related Action is deficient, and the Department determines that it is necessary for the protection of investors and the public interest and to maintain fair and orderly markets, the Department may determine that documentation related to a Company-Related Action shall not be processed.

(3) Deficiency Determination

In circumstances where an SEA Rule 10b-17 Action or Other Company-Related Action is deemed deficient, the Department may determine that it is necessary for the protection of investors, the public interest and to maintain fair and orderly markets, that documentation related to such SEA Rule 10b-17 Action or Other Company-Related Action will not be processed. In instances where the Department makes such a deficiency determination, the request to process documentation related to the SEA Rule 10b-17 Action or Other Company-Related Action, as applicable, will be closed, subject to paragraphs (d)(4) and (e) of this Rule. The Department shall make such deficiency determinations solely on the basis of one or more of the following factors:

(1) FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority;

(2) the issuer is not current in its reporting requirements, if applicable, to the SEC or other regulatory authority;

(3) FINRA has actual knowledge that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected to the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations;

(4) a state, federal or foreign authority or self-regulatory organization has provided information to FINRA, or FINRA otherwise has actual knowledge indicating that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected with the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action may be potentially involved in fraudulent activities related to the securities markets and/or pose a threat to public investors; and/or

(5) there is significant uncertainty in the settlement and clearance process for the security.



No mystery here either.

And the relief requested is from the SEC Complaint... Another non-mystery...

https://drive.google.com/file/d/0B8fPIL-cKPM-Q0E4WVU0NVdENmc/view?pli=1

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Grey Market


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