Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,136.07
(
-0.04%
)
US TECH 100
26,428.40
(
0.48%
)
Dow Jones
48,899.14
(
-0.49%
)
Brent Oil
109.34
(
4.72%
)
Bitcoin
76,259.61
(
-0.11%
)
News Focus
News Focus
Post# of 234071
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

janice shell

Send PM Follow Ignore
Followers 2583
Posts 329359
Boards Moderated 23
Alias Born 04/12/2001

janice shell

Member Level

Re: tchalla post# 153124

Thursday, 06/06/2019 8:27:41 PM

Thursday, June 06, 2019 8:27:41 PM

Post# of 234071
a r/s cannot happen when a stock is caveat emptor.

According to whom? Caveat Emptor is something OTC Markets dreamed up. OTC Markets is not a regulator. If an OTC company wants to do a reverse split, it submits a corporate action request to FINRA.

See "deficiency determinations" here. Those are the reasons FINRA can deny a corporate action. "Caveat Emptor status at OTC Markets is not one of them.

http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9364
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today