Nice try there...
But "many companies" is not ALL OTC companies and, actually, MJMJ is required to file...which is why there is a STOP TRADE issued against them on the OTC Markets...
You also forgot to post the paragraph AFTER that:
Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA’s Operations Department at 866-776-0800
By losing the leases on 2 properties and never telling shareholders, by being forced to close Canna-Camp TWO DAYS BEFORE IT HAPPENED and not telling investors...he is in violation of THAT paragraph up there.
He's also in violation of the NT 10-k which he filed last year saying he needed 30 more days to file his 10K...which he ultimately never filed.
Also, what the judge ruled on in my case was a clear violation of Rule 10b-5 which prohibits the any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security...Which the judge agreed Joel did when he failed to disclose ANY of the troubles of this company to his shareholders...or when he failed to disclose (after becoming CEO of this company) that he was disbarred for fraud and embezzlement.
AI
