Replies to post #200284 on Fortress Financial Group fka FFGO

[SevenTenEleven]

Sorry, once again 100% wrong

2) he pays me a negotiated price to close out my position(s) he sold me.

the broker has ZERO responsibility to pay share holders anything on revoked stocks ... - puppydotcom

The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock pursuant to Section 12(j) of the Exchange Act. Under Section 12(j), the SEC is authorized to revoke the registration of a security if it fails to comply with the federal securities laws. No broker-dealer may execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).

http://www.sec.gov/answers/dfnctco.htm

Sorry, but a court ruling in California recently disagrees with that statement.

Nothing like having the brokers over the barrel for FFGO and for many other OTC securities.

Good Luck!