Tuesday, February 23, 2016 9:40:15 AM
Couldn't help but "LOL" at recent comments like "FINRA CANNOT target companies!"
Fact is - insofar as penny stocks are concerned - FINRA DOES indeed head up the initial investigations with respect to companies like TRTC (not sure? Just see PHOT). Moreover, FINRA DOES indeed have the ability to suspend trading of OTC stocks, and in some ways FINRA's power in this regard exceeds that of the SEC itself (FINRA can suspend trading for longer and for less). In reality - again, insofar as penny stocks are concerned - FINRA is actually on the front line and provides support directly to the SEC for investigative purposes.
Most of us already understand this, but FINRA can and does target companies - ESPECIALLY PENNY STOCKS.
The red flags surrounding the TRTC story are becoming more and more startling.
Be careful folks: Don't get trapped...and be wary of fabricated hype.
http://www.stocklaw.com/Securities-Fraud-Blog/2016/January/Michael-Nahass-Fined-Suspended-for-Undisclosed-O.aspx?Mobile=false
See also http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=4414.
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