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Monday, September 14, 2020 7:42:51 PM
The Canadian CTO is still in force. See the order:
IT IS ORDERED:
1. THAT, pursuant to section 148 of the Act, SULJA BROS. BUILDING SUPPLIES, LTD. cease trading in securities permanently.
2. THAT, pursuant to subsection 19(5) of the Act, subsection 19(1) of the Act, with respect to such of the trades referred to in that subsection, and subsection 19(2) of the Act, with respect to such of the securities referred to in that subsection, do not apply to SULJA BROS. BUILDING SUPPLIES, LTD. permanently.
https://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=EFB9B2BE4B9149CBAD4519CD98F5559D
Now let's turn to FINRA Rule 6590:
https://www.finra.org/rules-guidance/rulebooks/finra-rules/6490
As you can see, FINRA may refuse to process corporate action requests if:
(3) FINRA has actual knowledge that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected to the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations;
So I'm afraid that if this wonderful new company wants a new name or ticker, FINRA may just say NO.
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