Renuen Corp. (RENU)

[HighPriestess]

USE FINRA's Rules

This is very easily resolved, with a few phone calls from investors to FINRA about that specific MM and show FINRA the captured data of the time that they were showing the 70k, then the 250k trade and the most recent 70k trade and that they are still showing 70k will cause them to get a fine which will be more than the improper showing of the actual shares being held there. My guess is 500k, and that is what they should be showing. I think people should call and get that particular broker in trouble. IMHO of course.

http://www.finra.org/Investors/ProtectYourself/p118628

FINRA BrokerCheck Hotline
For assistance with checking the background of a broker call the FINRA BrokerCheck Hotline at [phone]. You may also check the background of your broker online via FINRA BrokerCheck.

FINRA Call Center

Main FINRA Phone Number: [phone]


FINRA Rules Regarding Quotation Sizes

http://apps.finra.org/Rules_and_Regulations/rulefilings/1/default.aspx

SR-FINRA-2011-058
Rule change to amend the minimum quotation sizes in FINRA Rule 6433 (Minimum Quotation Size Requirements for OTC Equity Securities). FINRA Rule 6433 Pending Yes 11/10/2011 The effective date will be no later than 180 days following Commission approval.


FINRA Rule 4530

http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p122888.pdf

http://www.bingham.com/Media.aspx?MediaID=11578

OTCBB Quotations

http://www.otcbb.com/help/glossary.stm

http://www.otcbb.com/aboutOTCBB/rulesindex.stm

6400. QUOTING AND TRADING IN OTC EQUITY SECURITIES
http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=4408

6410. General
This Rule 6400 Series sets forth quotation and trading requirements for "OTC Equity Securities" as that term is defined in Rule 6420.
http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=4517

6460. Display of Customer Limit Orders
http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9341


SR-FINRA-2011-054
Rule change to update Rule 6121 to reflect changes to market-wide circuit breaker triggers for NMS stocks, and amend Rule 6440 to provide for a halt in trading in all OTC Equity Securities when a market-wide circuit breaker is in effect for NMS stocks. FINRA Rules 6121 and 6440 Pending Yes 10/25/2011


http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p124614.pdf

3. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory
Basis for, the Proposed Rule Change
(a) Purpose
FINRA Rule 6433 (Minimum Quotation Size Requirements For OTC Equity
Securities) (the “Rule”) requires every member functioning as an OTC Market Maker2 in
an OTC Equity Security3 that enters firm quotations into any inter-dealer quotation
system that permits quotation updates on a real-time basis to honor those quotations for
certain minimum sizes (“minimum quotation sizes”). Under the Rule, different minimum
quotation sizes apply depending upon the price level of the bid or offer and, therefore, a
different minimum quotation size can apply to each side of the market being quoted by
the member in a given security.
FINRA is proposing changes to the minimum quotation sizes to, among other
things, simplify the tier structure, facilitate the display of customer limit orders under
new FINRA Rule 6460 (Display of Customer Limit Orders) (the “limit order display rule”)4 and expand the scope of the rule, as further discussed below.5
Under the proposed approach, the minimum quotation size required for display of
a quotation in an OTC Equity Security would fall into one of six tiers rather than nine
tiers. Specifically, for OTC Equity Securities priced between $0.51 and $0.9999/share,
the minimum quotation size would be 200 shares; between $0.26 and $0.5099/share, the
minimum quotation size would be 500 shares; between $0.02 and $0.2599/share, the
minimum quotation size would be 1,000 shares; and between $0.0001 and $0.0199/share,
the minimum quotation size would be 10,000 shares.6 For quotations in securities priced
at least $1.00/share, the proposed rule generally would parallel the approach taken by the
exchanges by setting the minimum quotation size at a round lot of 100 shares,7 except
that, with respect to OTC Equity Securities priced at or above $175.00/share, the