JB and ZJMY Holding Co (JBZY)

[Sleepy2016]

FINRA approving a company that turns out to be a scam seems more like an exception opposed to a rule (the way you guys are portraying it).

FINRA doesn't "approve a company", they approve corporate actions and they approve corporate actions for scams all the time. Nearly every stock on the OTC is a stock-selling insider-enrichment scam, so by definition they do. Every reverse-split, for example, is a corporate action "approved" by FINRA.