They would have to get current in a hurry. If their registration is revoked , they would have to go through the entire S-1 and all that jazz which takes forever.
Additionally it’s not just get current, they would need a MM to sign a Form 211 to trade again.
It can definitely happen, but it can take a while.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.