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Re: Stock_Barber post# 245985

Wednesday, 01/26/2022 11:58:04 AM

Wednesday, January 26, 2022 11:58:04 AM

Post# of 353216
Very few brokers are sponsoring 15c2-11. It is simply too much work and the SEC does NOT allow brokers to charge for what is sponsorship.

Therefore, the broker is taking responsibility and acts as an interface with FINRA. As such, the broker requires extensive due diligence have full documentation for all company organization and actions. As an example of detail, to regress the source and current status of each share issued in the outstanding. As stated, it is a labor intensive process.

IMO, DBMM is crafting a failsafe path to removing the CE as instructed by OTC Trading.

Well done and stay tuned...