Why is the CUSIP Suspension continually being referred to as a CUSIP cancellation, or CUSIP deletion, or a "cancellation of stock"?
I see no point in determining a timeline to assume "the end", when the fundamental EVENT TYPE documented by FINRA is either not agreed upon or patently misunderstood.
FINRA suspended the CUSIP. This is easily verifiable. To contrast this, FINRA does indeed execute event types which document equity cancellation.
For BIOAQ, FINRA did not do this. Period.
In a recent article by Bob Pisani of CNBC, he interviewed SEC regulator and Chairman Jay Clayton, who said, "We're watching".
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