Astra Veda Corp (ASTA)

[CrimsonNightRider]

How do you define who is a trader or who is an investor? Help me understand the difference in your opinion?

Apparently, ASTA can ask FINRA to request Blue Sheets from Broker Dealers if they are determined to discover specifically who is responsible for pumping and dumping?

From what I can see, the SEC determines the rules for blue sheet reports, so I guess FINRA is the defacto authorized sheriff for the SEC in this case. This is why I believe smart contracts are the future of the Pink sheets. I will have better faith in the micro-cap market when it is fully automated.

I love FINRA and all they do for traders or investors.

Interesting fact: Broker-dealers are required by SEC Rule 17a-25 to retain blue sheets and other records related to securities transactions for a minimum of six years. This means that broker-dealers must keep records of all blue sheet data for at least six years after the date of the last transaction or order relating to that security.

Broker-dealers may choose to retain blue sheet data for longer periods of time for their own internal purposes, or in response to regulatory inquiries or investigations. Additionally, FINRA has the authority to require broker-dealers to retain records for longer periods of time if it determines that it is necessary for regulatory purposes.

Broker-dealers are required to retain blue sheets, they are not required to keep them in a specific format or structure. As a result, accessing and analyzing blue sheet data can sometimes be challenging, particularly for regulators who may need to sift through large volumes of data to identify potential violations of securities laws.