InvestorsHub Logo
Followers 210
Posts 18382
Boards Moderated 3
Alias Born 04/05/2012

Re: no_brag_just_fact post# 148110

Monday, 05/20/2019 11:40:33 AM

Monday, May 20, 2019 11:40:33 AM

Post# of 163714
This will explain why

BREAKING DOWN SEC Form 15
Reporting requirements under the Securities Exchange Act of 1934 can be onerous for small publicly listed firms. This is particularly true for these relatively obscure entities that have very little trading of their stock on an exchange. Because of the limited benefits of being public and the significant costs in money, time and effort to prepare and file periodic reports with the SEC, many such firms decide to deregister their securities. They do so by voluntarily filing Form 15. The principal filings — annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K (in the case of foreign issuers, Form 20-F and Form 6-K) — are no longer required after the filing of Form 15 with immediate effect. However, certain reporting obligations such as proxy statements remain for 90 days following the filing.


Trading 101 - Buy Low - Sell High, Keeps Momma Happy