mPhase Technologies Inc (XDSL)

[Milesblue42]

Has CEO Ronaldo Durando been DENIED a REVERSE-SPLIT?

A modest RS, some sales, and we're in the green.

While doing DD on ticker XDSL I found this interesting information.

Is this true that even if XDSL wanted to do a Reverse Split CEO Ronaldo Durando would be unable to?


http://finance.yahoo.com/mbview/threadview/?&bn=df3a0438-24d1-3c57-9b85-b4b1d8ebd29d&tid=1446054673754-20026f7a-0cd4-4a03-8a02-71f4f1ef884e&tls=la%2Cd%2C3%2C3

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Release No. 74187 / February 2, 2015
Admin. Proc. File No. 3-15130
In the Matter of the Application of
MPHASE TECHNOLOGIES, INC.
c/o Frank C. Razzano, Esq.
Pepper Hamilton LLP
600 14th Street, N.W.
Washington, D.C. 20005-2004
For Review of Action Taken by
FINRA
OPINION OF THE COMMISSION
REGISTERED SECURITIES ASSOCIATION — REVIEW OF ASSOCIATION
ACTION DENYING REQUEST TO PROCESS CORPORATE ACTION
Registered securities association declined to process documents related to an issuer's
proposed reverse stock split in the public interest because the issuer's corporate officers
were the subject of a settled regulatory action involving securities laws violations. Held,
review proceeding is dismissed.