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Re: B1gbtv001 post# 115571

Monday, 05/08/2023 11:57:46 PM

Monday, May 08, 2023 11:57:46 PM

Post# of 115805
How many times has Eddie announced this or that will happen once "FINRA approves?" How can such an "accomplished businessman" NOT know this--

FINRA's Role in OTC Corporate Actions

FINRA's processing function helps to keep investors and the market informed of company corporate actions. However, FINRA is not responsible for approving or disapproving the action the company is taking. And FINRA does not review such requests for a company’s compliance with any federal, state or other regulatory requirements. The public company is responsible for making sure their business decisions comply with all applicable laws and regulations.

Be Wary of Announcements Regarding FINRA "Approval" of a Corporate Action

Companies undergoing a corporate action often issue a press release or other communication, such as a tweet or other social media post, to provide details of the change. For instance, a company might announce a new corporate name that reflects a change in product lines or business focus. However, in the past, some companies have used these publications to suggest that FINRA has somehow "approved" a corporate action or that a corporate action will be effective once FINRA approves it. To clarify, this is not the case: FINRA does not approve corporate actions.
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https://www.finra.org/investors/insights/corporate-actions-public-companies-what-you-should-know



EXAMPLES OF FINRA SCAMS BY VAKSER

BDGR

Dallas, Texas, July 07, 2021 (GLOBE NEWSWIRE) -- ProTek Capital Inc., (OTC Pink: PRPM) ("the Company") announce today that the company and its management are filing corporate action request for dividends with FINRA and S1 registration with the SEC.
https://www.theglobeandmail.com/investing/markets/stocks/BDGR/pressreleases/4521633/protek-capital-inc-dividends-record-date/



SUTI https://www.yahoo.com/lifestyle/s/sutimco-inc-signed-definitive-agreement-150000450.html

Scour his decade+ long list of "News" posted on OTC.
Bearish
Bearish

Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.