Corporate Universe Inc (COUV)

[lesgetrich]

"No further action" letters are not automatically issued. They are requested...

No action letters

A letter from the SEC stating that it will seek no civil or criminal penalties for a given activity. The SEC sends no-action letters in response to inquiries from organizations regulated by it. For example, if a company wishes to take a certain action but is uncertain as to its legality, it requests clarification from the SEC. Receiving a no-action letter equates to permission to take the action in question.

They are more commonly used to clear broker dealers who have been under investigation for violating regulations and/or been accused of noncompliance.

Please document your contention that...

...no mm will sponsor a 211 until either the 5 year statute of limitations runs out or the sec issues a no further action letter.

...I would expect that if the SEC does not contest the filing of a Form 10 by the company, this would be a de-facto admission that they don't expect to file any further action. I have never heard of a MM requiring a No Action Letter before facilitating a listing.