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Post# of 32167
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BigBake1

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BigBake1

Re: None

Sunday, 10/06/2019 1:16:19 PM

Sunday, October 06, 2019 1:16:19 PM

Post# of 32167

Section 12(j) of the Exchange Act, grants the SEC the authority to revoke a company’s Exchange Act registration when it has a history of delinquent filings.  Often, an SEC proceeding to revoke registration pursuant to Section 12(j) will be preceded by a 10 day suspension in trading.

Brokers cannot resume quotations until they determine that the issuer has satisfied the information requirements of Rule 15c2-11, which will not likely occur because the issuer failure to file its periodic reports caused the revocation or suspension.



https://www.securitieslawyer101.com/2014/section-12-termination-registration-trading-suspensions/

THE REAL DTCC DISCUSSION

http://investorshub.advfn.com/boards/board.aspx?board_id=23867


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